NEW YORK, NY, January 12, 2021
Ascot today announces the appointment of Matthew C. Kramer as CEO, US Insurance.
Based in the company’s New York City office, Matt will lead all facets of Ascot’s US insurance operations, with direct responsibility for underwriting performance, new product development, and oversight of the further strategic development and growth of the US platform. Matt will report directly to Jonathan Zaffino, Group President, and will join Ascot later in Q1 upon the completion of his contractual obligations.
Matt will collaborate closely with Ascot’s North American leadership team to accelerate growth across the group’s specialty insurance ecosystem, including US Insurance, Bermuda (re)insurance, and Ethos Specialty, Ascot’s wholly owned MGU.
Matt joins Ascot from Arch Insurance Group where he most recently held the position of Executive Vice President. Since 2009, Matt held growing leadership responsibilities within Arch, most recently overseeing their Professional Liability and Healthcare divisions. Additionally, over the course of Matt’s 24-year career, he has held positions of increasing responsibility at Reliance National and The Hartford, underwriting a variety of executive lines, professional lines and property and casualty specialty coverages.
Jonathan Zaffino, Group President, said:
“It is my sincere pleasure to welcome Matt to Ascot. I have personally known Matt for over 20 years and can attest to the differentiated leadership and underwriting skills he brings to Ascot. Matt will lead a talented team of professionals, underwriting a growing and diverse range of products in both the wholesale and retail markets. I have full confidence that our US specialty insurance operations will continue on the path of growth and profitability, and will do so in the collaborative and thoughtful Ascot Way under Matt’s leadership.”
“I am incredibly excited to join Ascot and to lead the US insurance business at this stage in the company’s evolution. I have great respect for Ascot’s executive team and underwriting leadership – many of whom I have known as industry colleagues for several years and am thrilled to collaborate with such a talented group of industry professionals. I admire Ascot’s underwriting discipline, reputation in the global insurance marketplace, and strong corporate culture.
“I am grateful for the opportunity to partner with Jon Zaffino and the broader Ascot team and I am looking forward to contributing to the profitable expansion of a truly unique platform.”