Ascot Group names new chief financial officer

Appointment effective beginning November

Ascot Group names new chief financial officer

Insurance News

By Kenneth Araullo

Ascot Group has announced the appointment of Mark Wilcox (pictured above) as the new group chief financial officer, a role in which he will report to group CEO and president Jonathan Zaffino. Wilcox is set to assume his responsibilities on Nov. 8.

In this role, Wilcox will lead Ascot's global finance organization and capital strategy. This encompasses a wide array of responsibilities, including financial planning and analysis, as well as overseeing tax and treasury functions.

According to LinkedIn, he is joining Ascot from Selective Insurance Group, where he held the position of executive vice president and chief financial officer. At Selective, he was responsible for overseeing the firm's global finance operations and capital management strategy, among other crucial aspects. During his tenure, he played a pivotal role in modernizing the company's financial reporting process and contributed to driving significant shareholder value.

Prior to his tenure at Selective, Mark spent over 13 years at Renaissance Re in Bermuda, where he held key roles such as senior vice president, corporate controller, and chief accounting officer.

“I am thrilled to welcome Mark to the Ascot family. Mark's unique and diverse experiences, along with his undisputed track record of success, will help accelerate Ascot's strategic pursuits and ambitions," Zaffino said. "As we continue to expand our organization globally, across both the specialty insurance and reinsurance segments, Mark's proven financial acumen will be a significant addition to our leadership team, our colleagues and our valued clients.”

Zaffino also extended gratitude to outgoing CFO Joe Roberts for his years of service and leadership to the organization.

Zaffino himself only entered the role of chief executive earlier this year, replacing the retiring Andrew Brooks, who has opted to stay on as a board member.

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