NEW YORK, NY, Wednesday 12 July 2018:
Ascot today announces the appointment of a new U.S. marine insurance team led by Chris Piazza as Executive Vice President and Head of U.S. Marine Insurance.
Chris will lead all aspects of Ascot’s U.S. marine insurance business. He will be supported by new hires, Tom Nasso, Dana Piazza, and Jim Gehrke as Senior Vice Presidents of Marine Insurance who will report in to him. The team will be bolstered by existing Ascot marine underwriters Lou Gehrig, SVP, and Devin Lefebvre, VP. The team will have deep regional coverage with underwriters in New York, Baltimore, and Houston and will be using Ascot’s admitted U.S. paper.
Chris has been in the marine insurance industry for over eighteen years having spent the last fifteen with The Navigators Group most recently serving as the National Product Line Director for Marine Hull and Liability. Tom, Dana, and Jim have uniquely deep marine insurance experience and have proven track records of excellence in underwriting and relationship management with brokers and clients.
Commenting on the appointments, Andrew Brooks, Ascot Group CEO said: “The launch of this U.S. marine business under Chris, combined with our established Lloyd’s marine team in London and Houston, will make Ascot Group a true leader in the global marine market.”
“We are delighted to have Chris, Tom, Dana, and Jim put their trust in Ascot and join our team,” Greg Wolyniec, Head of Group Strategy, added, “They bring a well-recognized reputation for excellence in underwriting and service to brokers and clients, and will successfully launch a market leading marine business.”
“We are very pleased to join such a high quality organization” said Chris Piazza. “We are excited to launch our business leveraging Ascot’s capital strength and to be a core part of Ascot’s growing U.S. specialty commercial business.”
About Ascot Group
Ascot Group Limited is a Bermuda domiciled global specialist in insurance and reinsurance. Built on a foundation of underwriting expertise, the Group comprises three divisions: Ascot Underwriting Limited-a Managing Agent for Syndicate 1414 at Lloyd’s; Ascot Reinsurance Company Limited-a Bermuda based specialty reinsurer; and Ethos Specialty Insurance Services LLC-a New York based Managing General Agent (MGA).
Ascot Group is owned by Canada Pension Plan Investment Board (CPPIB), the largest pension plan in Canada with over $300 billion in invested assets and is ‘AAA’ rated by S&P and Moody’s.