New York, Tuesday 22 May 2018:
Ascot US Holding Corporation (“Ascot”) today announces the acquisition of Greyhawk Insurance Company (“Greyhawk”), and its wholly owned subsidiary Greyhawk Specialty Insurance Company (“Greyhawk Specialty”). Greyhawk is a Colorado domiciled admitted lines insurer and has been in runoff since 2006. Greyhawk Specialty is a dormant Rhode Island domiciled Excess & Surplus lines insurer. The acquisitions are subject to regulatory approvals.
The Greyhawk companies will expand Ascot’s U.S. platform and provide increased access to the U.S. insurance markets.
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 compromises 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 the Canadian Pension Plan Investment Board (CPPIB), the largest pension plan in Canada with over C$300 billion in invested assets.