Ascot News

Ascot Brings On Navigators’ Piazza to Head New U.S. Marine Insurance Team

Specialty insurance underwriter Ascot Group has appointed a new U.S. marine insurance team led by Chris Piazza as executive vice president and head of U.S. Marine Insurance. Piazza will lead all aspects of Ascot’s U.S. marine insurance business. He will …

Ascot US Acquires Inactive Greyhawk Insurance and Specialty

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 …

Ascot Group Taps Ironshore’s Roberts as CFO, Promotes Dimsey to Group COO

Ascot Group Ltd. (AGL), a Bermuda-based holding company, announced the appointment of Joe Roberts as group chief financial officer, and the promotion of Rob Dimsey to group chief operating officer. Roberts has 30 years’ experience and has worked in the …

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 …

Ascot Launches P/C Reinsurance MGA: Ethos Specialty Insurance Services

Ascot Group Ltd. (AGL) has launched Ethos Specialty Insurance Services, LLC, a standalone managing general agent (MGA), operating under AGL. Michael Sillat has been appointed as chief executive officer of Ethos, effective Dec. 1, 2017. “The formation of Ethos represents …

Lloyd’s Agency Ascot Appoints Casualty Fac Team for Ascot Underwriting in U.S.

Ascot Underwriting Ltd., the London-based Lloyd’s managing agency, has appointed Scott Beall as chief underwriting officer of casualty facultative and Lex Smart as senior vice president of Ascot Fac. The team will report to Rory Cline, president of Ascot Fac, …

Lloyd’s Ascot in Underwriting Deal for Power Generation with Brit, QBE, Sciemus

lloyd’s insurer Ascot Underwriting Ltd. announced that it has formed the Strategic Power Consortium, which it described as a “dedicated technical underwriting vehicle for the power and utilities industry.” It began writing business as of January first. Together Ascot, Brit …

Cantlay to Join AIG-Backed Lloyd’s Syndicate, Ascot, as Executive Director

Ex-Aon Benfield Chairman Charlie Cantlay is to join the Board of Directors of AIG’s Lloyd’s Syndicate, Ascot Underwriting, as Executive Director starting 3rd October. Ascot manages Lloyd’s Syndicate 1414. Cantlay resigned as Chairman of Aon Benfield UK earlier this year. …

Ascot Syndicate 1414 Increases 2011 Capacity to $1.038 Billion

Lloyd’s insurer Ascot Underwriting Ltd. announced that it has increased its capacity from £600 million [$958 million] to £650 million [$1.038 billion] “to support its 2011 business plan.” Andrew Brooks, CEO of Ascot Underwriting explained: “Market conditions are changing, providing …

Ascot Appoints Karns to Houston Underwriting Unit

Lloyd’s Ascot Underwriting Ltd announced the appointment of John Karns as an Underwriter for Ascot Underwriting Inc. in Houston. He is a local resident with “19 years of experience in the US Energy market, most recently as Assistant Vice President …