All Ascot articles – Page 4
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NewsAscot US launches E&S casualty division with Roy hire
Ascot has continued the buildout of its US insurance platform by launching an E S casualty division with the hiring of Matthew Roy from Axa XL as senior vice president.
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AM Best goes positive on credit ratings of Ascot’s US and Bermuda carriers
Ascot Group’s US and Bermudian (re)insurance subsidiaries have seen their credit ratings outlook revised to positive by AM Best with the agency stating it expects the carrier’s underwriting portfolio will positively diversify as it builds out from its non-Lloyd’s platforms.
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Ascot US adds Lyons to head new portfolio solutions unit
Ascot has hired former AIG executive Anthony Lyons to head up a new portfolio solutions underwriting division of its US insurance platform that will focus on MGA/MGU and tech partnerships.
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Ascot picks Phinsys to transform Lloyd’s syndicate finance function
CPPIB-backed Ascot has worked with automation software provider Phinsys to implement an accounting and finance platform for its Lloyd’s operation to streamline the syndicate’s financial processes.
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Ethos launches real estate liability program with Ascot and Faraday paper
MGU platform Ethos Specialty has secured capacity from its parent Ascot and Gen Re’s Lloyd’s operation Faraday to support the launch of a new analytics-driven commercial general liability program for US real estate owners and managers, The Insurer can reveal.
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Everest Re’s Jonathan Zaffino to join Ascot as president
Jonathan Zaffino is set to join expansive CPPIB-backed (re)insurer Ascot as group president, The Insurer can reveal.
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Parsyl launches parametric marine cover buoyed by $15mn Ascot-led fundraise
Supply chain insurtech Parsyl has launched a marine cargo parametric product, following a $15mn Series A fundraising round led by Ascot Group and logistics technology investor GLP.
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Ascot US offering 60-day extensions to select clients and programmes
Ascot’s US insurance platform is offering clients 60-day extensions on select covers set to renew between 15 March and 15 May, The Insurer has learned.
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Ark hires five-strong Neon D&F team
Lloyd’s insurer Ark will shortly apply for a Lloyd’s pre-emption to accommodate a well-regarded D F property team and give the managing agency headroom to absorb the continuing rate increases in the class.
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Ascot establishes PI book with former Neon team
Ascot has hired Antonio Bellanca and three of his former Neon underwriting colleagues to strengthen its capabilities in the non-US international professional indemnity market.
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Ascot grows retro book at 1.1 with new sidecar
Ascot significantly expanded its traditional ultimate net loss (UNL) retro book in an attractive pricing environment at 1.1 as it utilized excess capital at group level as well as its new third-party capital quota share vehicle, The Insurer can reveal.
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Ascot US adds cyber expert Walter from Axis
Ascot has rounded out phase one of its US insurance company business line build-out with the addition of Drew Walter and four colleagues from Axis to lead a push into the cyber and errors and omissions (E O) markets, The Insurer can reveal.
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Ascot continues US expansion with Greene hire
Ascot’s US build out has continued with the arrival of Crystal Greene from Liberty International Underwriters to lead its management liability team, The Insurer can reveal.
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Ascot opens FI group with Sompo International’s Becker at helm
Ascot has launched a Management Liability and Financial Institutions (FI) division, led by newly appointed executive vice president, Ryan Becker.
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Ascot confirms AWAC excess casualty hires in Bermuda
Ascot has appointed Patrick Kenahan as head of excess casualty in Bermuda, who will be joined by Jason Pugi, Kimberley Pursell and Michael Watkins as senior vice presidents on the island, in a move first revealed by The Insurer.
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Ascot in third-party capital talks ahead of bigger retro play at 1.1
Ascot is in discussions with potential third-party capital providers to come in behind its A rated paper as it looks to grow its traditional ultimate net loss (UNL) retro book in an increasingly attractive pricing environment, The Insurer can reveal.
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Ascot Re gains critical mass in Bermuda
CPPIB-backed Ascot’s Bermuda reinsurance platform is seeing significant traction after a slow start as improving market conditions offer opportunities for growth.
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AWAC Bermuda excess liability team set to join Ascot
A Bermuda-based team of Allied World excess liability underwriters led by Patrick Kenahan that recently left the carrier is set to join Ascot on the island, The Insurer can reveal.
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Ascot Insurance US readies environmental and inland marine launch
Ascot Group’s start-up US admitted carrier will begin quoting on its John O’Brien-led environmental book in mid-April as it looks to build out six core business lines in its first year targeting middle market and small account business, The Insurer can reveal.
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Ascot taps Markel for US inland marine head
Ascot Insurance US has appointed Jeff Vetter as executive vice president and head of inland marine.
