Ascent appoints Caspar Stops as head of cyber
Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announces the appointment of Caspar Stops as head of cyber.
Stops, who will take up the role at the end of November, joins from Brit where he held the position of global cyber, privacy and technology underwriter. Previously he served at Aegis and Hiscox, also in underwriting roles.
Reporting to chief underwriting officer Gareth Tungatt, Stops will spearhead the development of further innovative products, including focusing on Ascent’s increased appetite for large risks, while contributing to the continued profitable growth of the existing portfolio.
His appointment follows that of James Weatherstone as non-executive chairman in March and Rob Harden as chief financial officer in June. With considerable additional capital being provided by Preservation Capital Partners (which acquired a majority shareholding in Ascent in January), further appointment and product announcements are expected this year.
Tungatt said: “It is great to welcome Caspar at such an exciting and important time for Ascent. Caspar is well-respected and an exceptionally talented underwriter, highly regarded by brokers. He will be a significant addition to the team as we look to capitalise on our market-leading proposition and further extend our product base.”
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About Ascent Underwriting
Ascent is a Managing General Agent underwriting on behalf of a number of Lloyd’s Syndicates and Insurance Companies. It provides innovative insurance solutions face-to-face, and via a proprietary electronic underwriting platform with a focus on developing insurance products complemented by value-added customer focused service solutions, that include partnering with experts, proactive claims management companies, and its own highly professional claims management team.