Ascot Strengthens Management Liability Suite with Private and Non-Profit Commercial Crime Product

New York, NY – Ascot announced today the launch of a commercial crime product built to protect businesses against the wide array of risks private and non-profit companies face in a rapidly evolving crime landscape.

This new product, the latest enhancement to the company’s robust suite of AscotEXEC™ Management Liability solutions, offers coverage for financial losses caused by a variety of exposures related to theft, fraud, forgery, or other dishonest acts, including social engineering fraud.

Commenting on the launch, AscotEXEC^TM Commercial Crime Product Leader Gia Gervase said, “We have thoughtfully designed this product to address both the traditional and emerging risks we are seeing in the commercial crime space, with flexible and comprehensive coverage available to meet the unique needs of each organization. By doing so, we will provide clients with the peace of mind that their assets are safeguarded against both internal and external threats.”

Salvatore Collura, Head of Private and Non-Profit Management Liability, AscotEXEC^TM added, “The introduction of our Commercial Crime product strengthens Ascot’s existing suite of Management Liability products, addressing direct financial losses not covered elsewhere in our portfolio, and often not covered by traditional General Liability insurance policies. As businesses face ever-evolving crime threats in a digital age, this product is a testament to Ascot’s dedication to innovation and security, and commitment to being a perfect partner for a less-than-perfect world.”

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About Ascot

Ascot is a leading global insurance, reinsurance, and underwriting services group with over 20 years of consistency and stability, and a diverse insurance product portfolio. US insurance company affiliates within the Ascot Group are rated A (Excellent) by A.M. Best Company.