Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announces the appointment of Alex Smith as head of transactional risk, effective February 2019.
Reporting to chief underwriting officer Gareth Tungatt, Smith will establish a transactional risk business line and build a team as part of Ascent’s ongoing development of its specialty, niche classes.
He will join Ascent from Capital Risks where he served as underwriting director and was previously an underwriter at AIG within the M&A insurance group. He joined AIG from corporate finance advisory firm Kinmont Limited where he worked as an analyst.
Smith’s appointment follows that of Casper Stops as head of cyber in October. Further appointment and product announcements are expected as Ascent continues to expand in its chosen niches.
Tungatt said: “It gives me great pleasure to welcome Alex as the latest in a succession of talented individuals to join our expanding business. Alex brings a wealth of experience that will be invaluable in enhancing our proposition further, adding a range of transactional risk products throughout 2019. Ascent is only just getting into its stride and will continue to push the boundaries in developing our market-leading proposition and extending 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.