Ascot unveils management liability and financial institutions group

Ascot has appointed Ryan Becker as executive vice president of its newly created management liability and financial institutions group. Becker is based in Ascot’s Atlanta office.

The new group will offer a wide range of admitted and non-admitted, primary and excess D&O and FI products when it launches, which is expected to be in the first quarter of 2020.

The D&O products will focus on the wholesale channel while the FI products will be distributed to brokers through a proprietary, automated technology platform, initially focusing on investment advisor offerings.

Becker is supported by Kenny Li, who joins the new group as senior vice president and head of financial institutions, leading the FI product line. He is based in New York.

Greg Wolyniec, president & CEO of Ascot Insurance US, said the new group took advantage of a “sizeable market opportunity,” and pledged the group will continue to invest in best-in-class underwriting talent.