Ascot hires cyber & commercial E&O head from Axis plus four team members

Bermuda domiciled re/insurer Ascot has appointed Drew Walter as executive vice president and head of cyber & commercial E&O. Also joining the team are Tracy O’Hara, Abigail Oliver, Greg Garijanian, and Ben Mancuso.

Based in New York, Walter will build a business writing cyber alongside technology, media, and miscellaneous E&O classes. The team will have a national presence across the US and will focus on wholesale and limited retail distribution to write admitted and non-admitted products.

Walter joins Ascot from Axis Capital where he was head of global cyber & technology underwriting delivery. Spending almost a decade with the company, he oversaw the regional underwriting on a range of cyber and E&O products throughout the US.

Commenting on the appointment, Greg Wolyniec, president & CEO, Ascot US said: “The addition of Drew’s team exponentially strengthens our US financial lines presence. The E&O lines complement our existing LPL and recently launched D&O and FI offerings while the team’s cyber expertise will be used to provide standalone and innovatively bundled cyber solutions across many of our lines of business. As we head into 2020, Ascot US now offers a complete set of specialty and financial lines products with market leading underwriters to service our brokers and clients.”