Ascot
-
The move into the two classes follows the insurer's launch of a US financial lines division. -
Crystal Greene joins the carrier as it builds out its US management liability and financial institutions division.
-
The new business segment will target premiums of about $50mn-$100mn over the next five years.
-
Patrick Kenahan will be Bermuda’s excess casualty head and Jason Pugi, Kimberley Pursell and Michael Watkins senior vice-presidents.
-
Trust Lime Street not to go ‘past a certain point in the distribution chain’, the Ascot Group CEO said.
-
The underwriter joins after a short spell at the Chubb affiliate.
-
The team includes Allied World’s Bermudian branch manager for excess general casualty Patrick Kenahan.
-
The former MI6 chief says Lloyd’s Brussels was “nice publicity but not essential”.
-
The carrier benefited from a £53.5mn year-on-year reduction in hurricane and wildfire claims.
-
The moves follow years of market malaise in the property sector.
-
Deals are still a major driver for growth, insurance and broker executives told delegates at the Insider US event.
-
The tie-up will use technology from InsurTech firm Parsyl to cut the cost of managing claims.
Most Recent
-
Fidelis Partnership’s Turner set to join Mereo
04 July 2025 -
Mereo confirms Muldoon hire
04 July 2025 -
Daily Digest: Top news from 4 July
04 July 2025 -
SRG acquires Generation Underwriting
04 July 2025