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Ascot Announces Parametric Insurance Capabilities to Complement Property Offering

London, United Kingdom, April 2, 2024 – Ascot announced today the establishment of a dedicated global parametric capability to provide (re)insurance solutions across a broad base of property exposures.  Led by Ascot Group Chief Underwriting Officer Mark Pepper, and supported by the London property underwriting team, this enhanced capability will complement the company’s current global property offering, providing innovative alternative solutions to support the evolving needs of clients in the space.

Ascot’s parametric solutions – available across perils and a range of industries – are designed to provide critical, accessible coverage to clients in an increasingly volatile risk landscape. As natural catastrophes continue to increase in both frequency and severity, Ascot’s experienced property underwriters and climate risk specialists can offer bespoke parametric policies to help protect clients against the occurrence of a specific, trigger-based event.

“Ascot remains a leading property (re)insurance underwriter and is committed to the space across both the traditional and alternative markets,” said Pepper. “We recognize that today’s Nat Cat clients are increasingly looking for new and flexible coverage offerings to help reduce protection gaps, support resiliency plans, and manage volatility in their businesses, and alternative solutions like parametric products enable them to access coverage for risks that may not be optimal for the traditional property market. In an uncertain world, we are committed to providing stability, diversity, and creativity in our property solutions over the long term.”

For specific parametric enquiries, reach out to Mark Pepper.