Ascot US appoints former Chubb executive to head marine

Ascot Group has appointed Pat Stoik to be executive vice president and head of marine for Ascot US.

He will be based in New York and will report directly to Matt Kramer, chief executive officer, Ascot US. Stoik’s appointment takes effect on October 24.

Stoik brings more than 35 years of senior management, underwriting, and broker experience to Ascot.

He served as chief risk officer for Overhaul Group, which focuses on in-transit supply chain risk management. He was responsible for the company's insurtech business strategy and played a key role in elevating and consulting on Overhauls' presence in the insurance market.

Stoik has also worked for Great American Insurance Group, where he oversaw four underwriting divisions – including ocean and inland marine, in the USS and Europe. He previously spent 25 years at Chubb, where he spent more than 25 years in roles of increasing responsibility, most recently as senior vice president, worldwide marine, overseeing their ocean marine, inland marine, asset affinity, and entertainment portfolios.

"At Ascot we are committed to adding best-in-class talent to our underwriting units while providing a client-centric approach to our service, products, and solutions, said Matt Kramer, Ascot US CEO.

"Pat is a seasoned leader in the industry, and his deep knowledge in the marine space will support our continued success and growth in the critically important US marine market."