Ascot appoints Peter Trochev to run Financial Institutions unit

NEW YORK, NY:

Ascot today announces the appointment of Peter Trochev as Senior Vice President and Head of Financial Institutions (FI).

Peter will lead Ascot’s FI strategy with a focus on expanding the range of FI products offered by Ascot throughout the United States. Peter’s experience and expertise will complement Ascot’s Financial Lines underwriting segment which currently includes Management Liability, Cyber/E&O, Lawyers Professional Liability, Trade Credit and Surety. The addition of Peter emphasizes Ascot’s continued commitment to building a premier Financial Lines practice with superior talent and appropriate resources to address the demands of a dynamic marketplace.

Peter assumes the management of Ascot’s FI portfolio, which includes Management and Professional Liability products for asset managers, investment advisors and financial institutions of various sizes. He will also be responsible for developing new products, while continuing to build a high caliber team to serve a broader segment of the FI industry. Based in New York, Peter will report to Matthew C. Kramer, CEO, Ascot U.S.

Peter joins Ascot from Nationwide, where he has been since 2008, most recently as leader for the Financial Institutions and Fidelity divisions, overseeing Management and Professional Liability products across the country. He graduated from the Leonard N. Stern School of Business at New York University.

Commenting on the appointment, Matt Kramer said:

“I’m delighted to welcome Peter to Ascot as the leader of our Financial Institutions practice. We continue to add underwriting talent across our organization, who bring to us the technical depth and expertise to offer leading products to our valued broking partners. Peter’s track record and significant experience in managing and thoughtfully expanding FI business throughout the U.S. will significantly advance our Financial Institutions portfolio and I look forward to partnering with him in delivering new initiatives for our clients.”

Peter Trochev added:

“As an underwriter, it’s an honor to join a company like Ascot which places underwriting at the very center of its culture. I know that the FI market has a need for risk solutions that utilize excellent capital strength alongside a first-rate claims service. Working alongside Matt, and the other talented colleagues, we at Ascot are well positioned to offer these solutions to financial institutions.”