Ascot Underwriting
Two insurers fall short as Gracechurch hands out service awards
18 insurers across the UK regional and London markets have been awarded service quality marques by Gracechurch.
Climate activists paint the city ‘blood red’
Protestors from Money Rebellion, the sister group of Extinction Rebellion, have targeted the offices of UK-based insurance companies in London, Reading, Leeds, Leicester and Colchester.
Ascot president replaces retiring Brooks as group CEO
Retiring Andrew Brooks is succeeded by Ascot's group president Jonathan Zaffino as CEO with immediate effect.
Ascot to lead $50m Lloyd's facility to insure Ukrainian grain exports
Lloyd’s insurers led by Ascot have launched a facility that will provide up to $50m (£40.8m) of all risks marine cargo and war coverage for grain and food exports from Ukraine.
ERS continues commercial push with two hires
ERS has appointed Ciaran Waters as senior underwriter for US catastrophe and Federico Waisman as head of underwriting management.
Axa teams up with Microsoft; Ardonagh unveils Beazley capacity deal; Lloyd's to open Manchester hub; LV rolls out ethical standard
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Neon Underwriting appoints new CEO and managing director
Lloyd’s managing agency, Neon Underwriting Limited has appointed Theo Butt and Matthew Washington to the positions of CEO and managing director respectively, subject to Lloyd’s and PRA approval.
Insurtech Azur secures £13.3m in series B funding round led by AIG
Insurtech firm Azur has raised £13.3m in a series B funding round led by AIG.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Ascot launches P&C MGA Vertical
Ascot Group has launched Vertical Underwriting Managers, a specialty managing general agent cell under Ethos Specialty Insurance Services.
Ascot launches specialty MGA Ethos
Ascot Group has created a standalone managing general agent and appointed Michael Sillat as CEO, effective 1 December 2017.
Ascot launches standalone MGA platform, appoints former AIG executive
Ascot has named former AIG executive Greg Wolyniec as new head of global strategy, effective 31 July 2017.
13 insurance firms make it onto the London Stock Exchange 1000 Inspirational Companies List
Nexus underwriting has made the London Stock Exchange 1,000 Inspirational Companies List alongside 12 other insurance companies.
Hiscox offers $1bn fine art consortium
Hiscox has launched a new $1bn fine art consortium to better handle placing large risks within Lloyd’s.
AIG sells Ascot stake to Canadian pension firm
Insurance giant AIG has sold its 20% stake in Ascot Underwriting and fully-owned subsidiary Ascot Corporate Name to the Canada Pension Plan Investment Board for $1.1bn (£840m).
AIG tipped to sell stake in Ascot Underwriting
American International Group is in discussions to sell its shares in Ascot Underwriting.
AIG and Ascot Underwriting launch joint MGA
AIG has entered into an agreement with Ascot Underwriting and other partners to launch a new MGA.
Former QBE underwriter Bathia to join new Capita-backed syndicate
Capita Managing Agency and Panamanian insurer Istmo Re have received "in principle" approval from the Lloyd's Franchise Board to establish a new Lloyd's syndicate under Capita management.
LMA launches first competitive board election for three years
Eight candidates are fighting it out for six positions on the Lloyd’s Market Association’s governing body in what will be LMA’s first competitive election since 2012.
Ascot and Beazley named among claims service improvers in Gracechurch report
Ascot, Beazley and RSA are among the London market insurers that have increased their net satisfaction ranking for claims service, according to research from Gracechurch consulting.