2 October 2018Insurance

Ascent poaches head of cyber from Brit

Ascent Underwriting, a London-based cyber and specialty lines MGA, has hired a new head of cyber from Brit Insurance.

Caspar Stops will take up his new role at the end of November 2018. He's currently a global cyber, privacy and technology underwriter at Brit, having previously served in senior underwriting roles at Aegis and Hiscox.

Reporting to chief underwriting officer Gareth Tungatt, Stops will spearhead the development of further innovative products, including focusing on large risks, while contributing to the profitable growth of the existing portfolio.

Ascent said the appointment follows that of James Weatherstone as non-executive chairman in March and Rob Harden as chief financial officer in June. It added that with additional capital being provided by Preservation Capital Partners (which acquired a majority shareholding in Ascent in January), further appointments and product announcements are expected to be announced this year.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Ousted Aspen CEO suggests senior management can stay

Tokio Marine invests in Allianz-backed insurtech Simplesurance

Munich Re appoints new UK life chief executive

Liberty boosts financial institutions unit with Sompo, AXIS hires

Sompo International expands global risk control function

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
23 September 2019   Ascent Underwriting, the cyber and specialty lines managing general agent (MGA), and Cove Programs, the US construction-focused MGA, have appointed Ian Beaton as a non-executive director of the group.
Insurance
27 February 2019   Ascent Underwriting, a managing general agent (MGA) specialising in emerging and professional risks, has partnered with Munich Re for its new physical damage cyber cover.
Insurance
25 January 2018   Ascent Underwriting, a specialist managing general agent underwriting on behalf of a number of Lloyd's Syndicates, has been acquired by mid-market private equity firm Preservation Capital Partners.