Ascot
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Market entrepreneur profiles potential acquisition targets and starts capital discussions. -
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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Trust Lime Street not to go ‘past a certain point in the distribution chain’, the Ascot Group CEO said.
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The underwriter joins after a short spell at the Chubb affiliate.
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The team includes Allied World’s Bermudian branch manager for excess general casualty Patrick Kenahan.
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The former MI6 chief says Lloyd’s Brussels was “nice publicity but not essential”.
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The carrier benefited from a £53.5mn year-on-year reduction in hurricane and wildfire claims.
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