Ascot
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The new Syndicate 1796 is the conduit for the initiative and is backed by 14 global (re)insurers. -
The carrier is targeting growth in all key lines of business.
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The syndicate will have a £900mn stamp for 2021 as it leverages its light-touch status.
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The executive says he is optimistic about the prospects for Bermuda.
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A $49mn marine liability policy held by supply ship operator Rodi Marine is expected to be one of the first in the market to receive a Covid-19-related claim.
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Market entrepreneur profiles potential acquisition targets and starts capital discussions.
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Ascot has been rapidly expanding in both the US and Bermuda markets over the past year.
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Antonio Bellanca will lead the PI line, working alongside three former Neon colleagues.
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The move into the two classes follows the insurer's launch of a US financial lines division.
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Crystal Greene joins the carrier as it builds out its US management liability and financial institutions division.
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The new business segment will target premiums of about $50mn-$100mn over the next five years.
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Patrick Kenahan will be Bermuda’s excess casualty head and Jason Pugi, Kimberley Pursell and Michael Watkins senior vice-presidents.
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