NEW YORK, NY, 10 September 2020:
Ascot today announces the launch of an Excess & Surplus lines (E&S) Casualty division, with the appointment of Matthew Roy as Senior Vice President.
The new division will offer a wide range of customized excess and surplus lines casualty solutions initially focusing on general liability and auto liability, along with supported and unsupported excess liability, for a variety of industry segments. Writing exclusively on a wholesale basis, the division will focus on middle market business in targeted industry groups including construction, manufacturing and hospitality.
The differentiated offering will combine the capital strength of Ascot with a wide-range of lines for multiple industry segments, all with the same common access point. Underpinning this will be a significant focus on ensuring efficiency of service and ease of transacting business.
Matthew joins Ascot from AXA XL where he was Assistant Vice President of E&S Primary Casualty. Prior to this, he served as Vice President and Northeast Regional Manager for Wholesale Casualty at Everest Insurance. Based in New York, Matthew will be supported by underwriters in New York, Chicago and Atlanta.
Commenting on the appointment and launch of the division, Jonathan Zaffino, Group President, said:
“As we expand Ascot’s U.S. insurance business, we’re continuously looking to deliver new products which augment existing areas of our operations and present fresh solutions to our broker partners. Ascot has many years of casualty underwriting experience, and we can now combine this expertise with a new, legacy free, U.S. division which complements our existing digital small-excess-casualty suite, and provides continued depth of solutions through the wholesale channel.
“We continue to invest in outstanding underwriting talent to join the already formidable team within Ascot Group. The appointment of Matt is a great example of this talent strategy in practice.”