Ascot Syndicate 1414 News

Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead

Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory Wood on Wednesday denied …

Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd.

Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by its independent managing general agent incubator subsidiary, Pro MGA Solutions (Pro.MS). Launched in 2016, Tierra is an MGA that underwrites …

Lloyd’s Syndicate Ascot Insures Farmers in 16 Nations Against Crop-Price Volatility

Farmers can now for the first time insure their produce against price volatility as easily as insuring their homes, with a global platform based on hundreds of niche commodity indexes, underwritten by a Lloyd’s of London syndicate. Crop insurance has …

Ascot Launches Specialty MGA, Vertical Underwriting Managers

Ascot Group Ltd. (AGL) announced the creation of Vertical Underwriting Managers, its first specialty managing general agency (MGA) cell under Ethos Specialty Insurance Services, AGL’s standalone MGA Vertical will underwrite both standard and specialty P/C business as well as target …