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.
Source: Ascot
Topics Excess Surplus Liability Casualty AXA XL
Was this article valuable?
Here are more articles you may enjoy.
SIAA Announces Strategic Partnership With Progressive 
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns 
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report 
Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results 
