Ascot Launches U.S. Management Liability and Financial Institutions Unit

Ascot is launching a Management Liability and Financial Institutions group, led by Ryan Becker as executive vice president.

The new group will offer a wide range of admitted and non-admitted, primary and excess directors & officers (D&O) and financial institutions (FI) products.

The D&O products will focus on the wholesale channel while the FI products will be distributed to brokers through a proprietary, data driven automated technology platform initially focusing on investment adviser offerings.

With 25 years of experience, Ryan leads the newly formed group from Ascot’s Atlanta office.

Also joining the group, based in New York, Kenny Li has been appointed as senior vice president and head of Financial Institutions, leading the FI product line.

The group is expected to launch in the first quarter of 2020, with all products being written on Ascot Insurance U.S.’s A.M. Best “A” rated paper, said Ascot in a statement.

Commenting on the appointments and launch of the group, Greg Wolyniec, president & CEO, Ascot Insurance U.S. said:

“Continuing the string of successful new business launches this year in Ascot Insurance U.S., we are excited to launch these new and much needed D&O and FI products to our brokers and clients. As with our other lines of business, we will continue to invest in best-in-class underwriting talent under Ryan’s leadership as we grow this group to match the sizable market opportunity.”

Ascot Insurance U.S. was launched in October 2018.

Source: Ascot

Topics USA New Markets Liability