Ascot News

Ascot Promotes Thompson to CEO, Bermuda, as Berger Retires

Ascot announced the promotion of Ian Thompson to chief executive officer, Bermuda. Thompson will assume leadership of Ascot’s multi-faceted business on the island, which includes specialty insurance, reinsurance and alternative capital capabilities underwritten from the group’s “A”-rated Bermudian platform. The …

Ascot Names S&P’s Guijarro as U.S. Chief Risk Officer

Specialty insurer Ascot announced the appointment of Steve Guijarro as U.S. chief risk officer and group head of Exposure Management. Guijarro will have primary responsibilty for Ascot’s enterprise risk management function in North America. In addition to his CRO duties, …

Ascot Starts E&S Casualty Unit for U.S.; Welcomes AXA’s Roy as Senior VP

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 …

New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine

Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,* set up to insure the storage and transportation of a COVID-19 vaccine – once its developed – to emerging economies. …

Zaffino Exits Everest to Join Ascot as Group President

Ascot has announced the appointment of Jonathan M. Zaffino as group president. He will oversee the organization’s U.S. and Bermuda platforms and will also have executive responsibility for Ethos Specialty, a managing general underwriter in the U.S. market. Zaffino has …

Ascot Appoints Walter as Executive VP and Head of Cyber & Commercial E&O

Ascot has appointed Drew Walter as executive vice president and head of Cyber & Commercial E&O. Also joining the team are Tracy O’Hara, Abigail Oliver, Greg Garijanian and Ben Mancuso. Based in New York, Walter will build a business writing …

Greene to Head Ascot Management Liability, Financial Institutions Group in Atlanta

Ascot has appointed Crystal Greene as senior vice president, head of Management Liability. Greene will lead Ascot’s commercial directors and officers (D&O) and related product business in the U.S from Atlanta. She joins Ascot with 25 years of experience – …

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 …

Ascot Taps Kenahan from AWAC as Head of Excess Casualty in Bermuda

Ascot announced the appointment of Patrick Kenahan as head of Excess Casualty in Bermuda. In addition, Jason Pugi, Kimberley Pursell and Michael Watkins were named senior vice presidents. The team will write excess casualty insurance for large corporations across a …

Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks

A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed to speed up re/insurance product development for new and emerging risks. The Product Innovation Facility is led by senior underwriters …