Ascent Underwriting ‹ Press Releases

Sep

2019

Ascent-Cove welcomes Ian Beaton as non-executive director, rebrands as ‘Optio’

Posted on 23rd September 2019 by Mazin Shammas and has No comment

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, and Cove Programs (“Cove”), the US construction-focused MGA, today announce that industry heavyweight Ian Beaton will join as non-executive director of the group, effective immediately. Beaton, the founder and chief executive officer of Ark Syndicate Management, who […]

Sep

2019

Ascent-Cove hires Paul Western as CUO

Posted on 18th September 2019 by Mazin Shammas and has No comment

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, and Cove Programs (“Cove”), the US construction-focused MGA, today announces the appointment of Paul Western as group Chief Underwriting Officer, effective October 7. His appointment follows Cove’s merger with Ascent in March and he will report to […]

Mar

2019

Completion: Preservation Capital invests to build MGA powerhouse

Posted on 18th March 2019 by Mazin Shammas and has No comment

Financial services-focused private equity firm Preservation Capital Partners (“Preservation Capital”), today announces the successful completion of its strategic investment in US construction-focused MGA Cove Programs (“Cove”) after receiving all necessary regulatory approvals. Together with insurTech-driven cyber and specialty lines MGA Ascent Underwriting (“Ascent”), which Preservation Capital […]

Feb

2019

Ascent tackles physical damage cyber with Munich Re backing

Posted on 27th February 2019 by Mazin Shammas and has No comment

Ascent Underwriting, the specialist niche-product managing general agent, today announces the addition of physical damage cover to its flagship CyberPro product – part of its professional and non-tangible risks portfolio. With additional capacity provided by Munich Re, CyberPro now covers physical and property damage plus debris […]

Feb

2019

Preservation Capital invests to build MGA powerhouse

Posted on 19th February 2019 by Mazin Shammas and has No comment

Preservation Capital Partners (“Preservation Capital”), the financial services-focused private equity firm which last year acquired an interest in the insurTech-driven cyber and specialty lines MGA Ascent Underwriting (“Ascent”), has made a strategic investment in US construction-focused MGA Cove Programs (“Cove”). Together the business will manage in […]

Dec

2018

Ascent to launch Transactional Risk proposition with Alex Smith hire

Posted on 11th December 2018 by Mazin Shammas and has No comment

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 […]

Oct

2018

Ascent appoints Caspar Stops as head of cyber

Posted on 2nd October 2018 by Mazin Shammas and has No comment

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 […]

Jun

2018

Ascent strengthens senior team with CFO hire

Posted on 5th June 2018 by Mazin Shammas and has No comment

Ascent Underwriting today announces the appointment of Rob Harden as chief financial officer, subject to regulatory approval. Harden brings over 20 years of experience in the Lloyd’s and London markets, and joins from the Lloyd’s business of Canopius Group where he was finance director. Having started his […]

Mar

2018

Ascent appoints James Weatherstone as non-executive chairman

Posted on 22nd March 2018 by Mazin Shammas and has No comment

Ascent Underwriting today announces the appointment of James Weatherstone as non-executive chairman, subject to regulatory approval. Weatherstone’s extensive experience in scaling international businesses will provide additional capability to Ascent to expand its global distribution base, broaden its product offering and attract high-quality talent as the business […]

Jan

2018

Preservation Capital Partners completes Ascent acquisition

Posted on 25th January 2018 by Gavin Warren and has No comment

Ascent Underwriting (“Ascent”), the cyber and specialty lines MGA, today announced the completion of its acquisition by Preservation Capital Partners, having obtained FCA approval. The existing Ascent management team will retain a significant shareholding in the company, and continue to manage the business during its next […]

Jan

2018

Ascent expands healthcare proposition with innovative Allied Health professional liability product

Posted on 16th January 2018 by Gavin Warren and has No comment

Ascent Underwriting, the specialist niche-product managing general agent, today announces the launch of a professional liability product for allied health practitioners and facilities in the US. Unique in the market, Ascent’s Allied Health product includes a combination of comprehensive cyber cover, Regulatory Billings coverage and medical […]

Sep

2017

Ascent targets SMEs with cyber policy nil deductible

Posted on 18th September 2017 by Gavin Warren and has No comment

Ascent Underwriting, the specialist niche-product managing general agent, is further targeting SME business by offering nil deductible / zero excess options on all cyber insurance policies globally. It will be available to all new and renewal SME clients that opt to use Ascent’s expert panel of […]

Apr

2017

Ascent hires Mark Bowers as claims director

Posted on 10th April 2017 by Gavin Warren and has No comment

Ascent Underwriting, the specialist niche-product managing general agent, has appointed Mark Bowers as claims director with immediate effect. Reporting to CEO David Umbers, Bowers will be responsible for maintaining and developing Ascent’s highly responsive and efficient claims service. Bowers, a solicitor by profession who formerly practised […]

Dec

2016

Ascent Underwriting’s Optio voted MGA Initiative of the Year

Posted on 6th December 2016 by Gavin Warren and has No comment

Optio, the quote-and-bind portal developed by London managing general agent Ascent Underwriting, was voted ‘MGA Initiative of the Year’ at the recent London Market Awards. The online system, created for direct use by brokers, delivers multiple insurance products, including Ascent’s popular and client-focussed Lloyd’s-backed cyber solutions. […]