Personnel Changes: Ascot Positions US Operations for Future Expansion

Ascot has announced a restructured U.S. operating model to enhance its regional leadership and distribution strategy. Key changes include:

1. New Leadership Team: Ascot is forming a U.S. Regional Executive Leadership team to oversee market execution and client relationships across four regions: Northeast, Southeast, Central, and West. This will improve alignment with brokers and local markets.

2. Key Appointments:

   • Brian Chiolan: Appointed U.S. Regional Executive Officer, aligning distribution with underwriting strategy.
   • Oliver Ade: Becomes Executive Vice President, Regional Executive for Central.
   • Jeff Canfield: Now Executive Vice President, Regional Executive for the West. Regional executives for Northeast and Southeast are yet to be appointed.
   • Dane Lopes: Appointed head of North America distribution, enhancing connections with distribution partners.

3. Product Vertical Structure: Ascot will consolidate its U.S. operations into five product verticals:

   • Marine and Specialty
   • Casualty
   • Surety
   • Financial Lines
   • Alternative Risk Solutions

4. Additional Appointments:

   • Ted Mavraganis: Executive Vice President, Head of Marine and Specialty.
   • Mark Benz: Leads Alternative Risk Solutions.
   • Tara North: Continues as Executive Vice President, Head of Surety.

These changes, effective October 1, aim to strengthen Ascot’s market presence and streamline operations for better service delivery to clients and brokers.