is also in the final stages of appointing a new head of digital and broadcasting as it looks to strengthen its team.
This deal successfully repositions our strategic focus and underwriting capacity to our relationship with Ascot
in Bermuda, while monetizing our position in the syndicate at an attractive value and retaining exposure to the syndicate as a reinsurer," says Commercial Insurance CEO Robert Schimek.
As a result, we are very pleased to be able to stage what we hope will now become a significant new option for three-year-old sprinters at Royal Ascot
before they go on to compete against their elders in the Darley July Cup and beyond.
The Roger Charltontrained four-year-old won the John Guest Bengough Stakes at Ascot
last October but has struggled to find the winner's enclosure since.
has honoured the Queen by renaming a race to mark the monarch's 60-year reign.
She parades up the Ascot
straight every day in an open-topped landau, offering priceless cachet to the summer season when socialites head from Ascot
to Wimbledon and then on to the Henley Royal Regatta and Glyndebourne opera.
Typically, 400 helicopters and 1,000 limos arrive at Royal Ascot
Tim Palin, racing manager for owners Middleham Park, said: "Everything is fine with him and the Ascot
Stakes is very much the plan again.
LEE VANDERSON has been promoted from leader of Ascot
's global cargo operation to chief underwriter and principal officer of Ascot
There has been speculation that the work on the venue could over-run and force the meeting to be held outside Ascot
for a second time, perhaps in Newmarket or Newbury.
Business was far from brisk as Royal Ascot
moved to York yesterday while the Berkshire track undergoes redevelopment.
This year it's never been easier to enjoy a day out at a major race event with Royal Ascot
coming to the North from June 14 to 18.