Ascot Underwriting
Ascot announces £12.6m loss
Lloyd's insurer Ascot Underwriting has revealed that a combined ratio hike to 104.7% (2010: 79.2%) caused a loss of £12.6m (2010: £97.1m).
Direct Commercial launches motor claims app
Direct Commercial, which writes business on behalf of Ascot Underwriting Syndicate 1414 at Lloyd's, has developed a motor claims app to help policyholders report claims while on the move or from the scene of an incident.
Ascot forms underwriting consortium for power generation
Ascot Underwriting has formed the Strategic Power Consortium, a dedicated technical underwriting vehicle for the power and utilities industry.
Perkins Slade rings the changes
Despite a relatively quiet quarter for broker recruitment, Perkins Slade named three new directors this week. The intermediary was not the only firm making changes, with Jelf and Willis also naming new starters. Among insurers I was a bust seven days for…
Market moves: Getting ready for the fourth quarter
Lloyd’s players were the most active recruiters this week as the insurance industry looks forward to the fourth quarter. A number of underwriters in the London Market made appointments, with a view to strengthening their teams. Moves among insurers…
Ascot Underwriting snaps up Aon Benfield UK chairman
Ascot has today announced the appointment of former Aon Benfield UK chairman Charlie Cantlay as executive director.
Ascot increases 2011 capacity by £50m
Ascot Underwriting has increased its capacity from £600m to £650m to support its 2011 business plan.
Ascot appoints John Karns
Ascot Underwriting has appointed Mr Karns as an underwriter for Ascot Underwriting in Houston.
People moves - 5 May 2011
A round-up of people moves and new appointments in the industry, as featured in the 5 May 2011 edition of Post.
Chartis MD takes up board role with Lloyd's insurer Ascot
Ascot has appointed two new executive directors, Yvonne Keyes and Mark Smith, and one new non-executive Director, James Shea, all of whom joined the board of Ascot Underwriting this month.
LMA: industry powerless against pirates
The Lloyd's Market Association has insisted the insurance industry is powerless to stop the growing threat of piracy off the Somali coast.
Ascot Underwriting records profit of £97.1m
Ascot Underwriting said its 2010 Lloyd’s results recorded a pre-tax profit of £97.1m and a combined ratio of 79.2%.
Capita secures contract extension with Ascot
Capita Commercial Insurance Services has secured a five-year contract extension to run risk capture, aggregations and pre-bind checking services for Lloyd’s managing agent, Ascot Underwriting.
Risk modelling - Underwriter responsibility: Model behaviour
Models have quickly become a valued tool for underwriters. Matthew Washington examines how the advent of Solvency II could really make them fly.
Ascot swoops for rival Lloyd's insurer Jubilee's motor book
Ascot Underwriting has acquired the renewal rights for Jubilee Managing Agency’s commercial motor account, the company announced today.
Ascot reduces underwriting capacity
Ascot Underwriting has confirmed that Lloyd’s has approved its 2011 capacity of £600m.
Ascot and Hannover form power pact
Inter Hannover and Ascot Underwriting have formed a dedicated technical underwriting vehicle for the power and utilities industry.