Ascot appoints Tara Quigley to lead U.S. Surety market entrance
Appointment coincides with A.M. Best issuing an ‘A’ FSR rating for Ascot Surety & Casualty Company
April 20, 2022:
Ascot today announces the appointment of Tara Quigley as Executive Vice President, Head of Surety.
Tara will be responsible for developing, and managing Ascot’s Surety portfolio across the U.S. Her appointment marks the final stage of Ascot’s entry into the U.S. Surety market where she’ll act as the product lead, writing on behalf of Ascot’s Treasury Listed carrier – Ascot Surety & Casualty Company. Based in New Jersey, she’ll report to Matt Kramer, CEO, U.S. Insurance.
Tara joins from Argo, having been at the company since 2008 when she joined to help launch their Surety practice. During her tenure at Argo, Tara has held a number of senior underwriting and management positions across Surety and Professional Liability product lines. Tara started her career in the Surety broker market, before spending 9 years at Travelers, rising to become Managing Director and head of surety for the NYC Metro region.
Ascot Surety & Casualty company is a U.S. TreasuryListed, insurance carrier domiciled in Colorado and licensed in 47 states and the District of Columbia with expansion applications for the remaining 3 states in progress. The company was previously called Boston Indemnity Company (BIC) until its acquisition by Ascot in July 2021 and benefits from a Financial Strength Rating of A and an Issuer Credit Rating of a+ issued by A.M. Best on April 18, 2022.
Commenting on the appointment, Matt Kramer said:
“I’m delighted to welcome Tara to Ascot as we enter the Surety market. Our acquisition of a TreasuryListed carrier in 2021 allowed us to make a strategic entry into a highly specialized field that fits perfectly with our underwriting principles and deepens our product portfolio. Tara’s experience, expertise, broker relationships and proven leadership skills make her the ideal choice to ensure success for Ascot Surety.
Tara Quigley added:
“It’s a pleasure to join Ascot at such an exciting time in the company’s development. Based on my prior experience building a Surety practice, I know the challenges and opportunities that are ahead within this niche marketplace. Ascot’s entrepreneurial spirit and technology focus makes it an excellent proposition for offering the Surety market new solutions to help clients and insureds.”