Bermudian-based Ascot Group, the global specialty insurance company, has launched a unified capital management platform, Leadline Capital Partners, to support its expanded third-party capital business.

Under the newly-formed platform, Ascot also announced that the company has entered into a partnership with institutional investors to provide collateralised reinsurance for its global property portfolio through a Bermuda special purpose insurer.

The company said the developments represented an important evolution in Ascot’s capital partnership business, building off a four-year track record of strong returns, with ceded gross premiums in excess of $225 million to date.

“Through Leadline Capital Partners, we are drawing on Ascot’s heritage of excellent underwriting and creative risk solutions to provide attractive and innovative offerings to third party capital,” said Charles Craigs, Ascot Group managing principal for Third-Party Capital.

“We are very pleased to announce the latest collaboration as we expand this business.”

Justin Keith, Ascot Bermuda Ltd president and chief executive, added: “We look forward to the continued expansion of our alternative capital business under Leadline Capital Partners.

“This business represents the best of all worlds for Ascot and its stakeholders: incremental capacity delivered to our insured and reinsured clients, an attractive risk-adjusted return profile to a leading capital partner, and the continued opportunity for the company to deliver its world-class capabilities to both clients and investors.”