BERMUDA, 10 October 2018:

Ascot Group today announces the launch of Ascot U.S. and the appointment of Greg Wolyniec as its President and CEO, based in New York City.

Ascot also announces the completion of 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 U.S. brand.

Greg 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.

Commenting on the launch and appointment, Andrew Brooks, Group CEO, said: “Many of our clients and brokers in the US have wanted multiple paper options for accessing the underwriting expertise of Ascot. 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 U.S. strategy since joining Ascot and will be instrumental in helping us grow our presence in the U.S. market.”

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