Ascot Appoints Karns to Houston Underwriting Unit

June 14, 2011

Lloyd’s Ascot Underwriting Ltd announced the appointment of John Karns as an Underwriter for Ascot Underwriting Inc. in Houston. He is a local resident with “19 years of experience in the US Energy market, most recently as Assistant Vice President with Navigators Insurance Group, Inc.,” said the bulletin.

John Flower, President and Chief Underwriting Officer of Ascot Underwriting Inc. expressed his pleasure with Karns appointment indicating that “his wealth of experience in the local energy market will be invaluable in helping us build on our strong position in the US market.”

Andrew Brooks, Chief Executive of Ascot Underwriting Ltd., added that Karns’ appointment “shows Ascot’s continued commitment to expanding our US business and I am looking forward to him joining the company.”

Ascot Underwriting Ltd. – Syndicate 1414 – commenced trading in 2001 and has grown to become one of Lloyd’s major syndicates Lloyd’s. The underwriting capital for the Syndicate is provided by a member company of American International Group. The syndicate specializes in Property, Energy, Specie & Fine Art, Cargo, Terrorism, War & Political Risks, Marine Hull/War/Liabilities, Natural Resources and Excess of Loss Reinsurance. Ascot said it “leads in most of these classes and leads over 40 percent of the slips we write.”

Source: Ascot Underwriting

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