Ascot has launched a management liability and financial institutions group and has appointed Ryan Becker as executive vice president.
In a statement, Ascot said that the new group will offer "a wide range of admitted and non-admitted, primary and excess D&O and FI products." According to Ascot, the D&O products will focus on the wholesale channel while the FI products will be distributed to brokers through a proprietary, data driven automated technology platform initially focusing on investment advisor offerings.
Mr. Becker leads the newly formed group from Ascot's Atlanta office.
Also joining the group, based in New York, is Kenny Li, who was appointed senior vice president and head of financial institutions, leading the FI product line.
Ascot said that it expects to launch the group in the first quarter of 2020, with all products being written by Ascot Insurance U.S.
Commenting on the appointments and launch of the group, Greg Wolyniec, president and chief executive officer of Ascot Insurance U.S., said, "Continuing the string of successful new business launches this year in Ascot Insurance U.S., we are excited to launch these new and much needed D&O and FI products to our brokers and clients. As with our other lines of business, we will continue to invest in best-in-class underwriting talent under Ryan's leadership as we grow this group to match the sizeable market opportunity."
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].