Specialty insurer Ascot has started an Excess & Surplus Casualty division for the U.S. and appointed Matthew Roy as senior vice president for the new wholesale unit.
Writing exclusively on a wholesale basis, the division will focus on middle market business in targeted industry groups including construction, manufacturing and hospitality. The new division will initially focus on general liability and auto liability, along with supported and unsupported excess liability.
Roy joins Ascot from AXA XL where he was assistant vice president of E&S Primary Casualty. Prior to this, he served as vice president and Northeast regional manager for Wholesale Casualty at Everest Insurance.
Based in New York, he will be supported by underwriters in New York, Chicago and Atlanta.
Jonathan Zaffino, Group president, said Ascot has many years of casualty underwriting experience, and can now combine this experience with a “new, legacy free, U.S. division which complements our existing digital small-excess-casualty suite.”
In the U.S., Ascot provides insurance and underwriting services through its managing general underwriter, Ethos Specialty.
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