Ascot Group creates new US subsidiary

Ascot Group has created Ascot Insurance US and also announced the appointment of Greg Wolyniec as its president and chief executive officer (CEO), based in New York City.

In addition Ascot also said that it has completed the acquisition of Greyhawk Insurance Company, a Colorado domiciled admitted carrier, and its wholly owned subsidiary Greyhawk Specialty Insurance Company, a Rhode Island domiciled surplus lines carrier. Both companies will be renamed as part of the new Ascot Insurance US brand.

Wolyniec has been with Ascot since June 2017 as group head of strategy. Prior to this he held a number of senior leadership roles at AIG before being appointed as CEO of a technology start-up developing wearables-based risk management solutions for the insurance industry. He will report in to Jerry Tegan, executive chairman of Ascot’s US businesses.

“Many of our clients and brokers in the US have wanted multiple paper options for accessing the underwriting expertise of Ascot,” said Andrew Brooks, group CEO. “This new part of the Group allows us to be closer to our end clients and will help the wider Group with access to admitted products.

“Greg has been heavily involved in our US strategy since joining Ascot and will be instrumental in helping us grow our presence in the US market.”