Ascot US Holding Corp. has acquired Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Greyhawk is a Colorado domiciled admitted lines insurer that has been in runoff since 2006. Greyhawk Specialty is a dormant Rhode Island domiciled excess and surplus lines insurer. The acquisitions are subject to regulatory approvals.
The Greyhawk companies will expand Ascot’s U.S. platform and provide increased access to the U.S. insurance markets.
Ascot Group Limited is a Bermuda domiciled global specialist in insurance and reinsurance. The group compromises three divisions: Ascot Underwriting, a managing agent for Syndicate 1414 at Lloyd’s; Ascot Reinsurance Co., a Bermuda based specialty reinsurer; and Ethos Specialty Insurance Services, a New York based managing general agent (MGA).
Ascot Group is owned by the Canadian Pension Plan Investment Board, the largest pension plan in Canada with over C$300 billion in invested assets.
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