22 May 2018Insurance

Ascot buys Greyhawk in US expansion move

Bermuda-based Ascot Group, through its subsidiary Ascot US Holding Corporation, has acquired Greyhawk Insurance Company and its subsidiary Greyhawk Specialty Insurance Company.

Greyhawk Insurance Company is a Colorado domiciled admitted lines insurer and has been in runoff since 2006. Its wholly owned subsidiary Greyhawk Specialty is a dormant Rhode Island domiciled excess & surplus lines insurer.

The Greyhawk companies will expand Ascot’s US platform and provide increased access to the US insurance markets, according to Ascot.

The acquisition is subject to regulatory approvals.

Make sure you are GDPR compliant and  confirm your email address to keep getting our daily emails

More of today's news

Icahn sues AmTrust CEO, Karfunkel family over go-private deal

White Mountains unit acquires UK personal lines broker Fresh

Munich Re-backed insurtech Bestow secures $15m funding

Bermuda BDA CEO resigns; successor search begins

AEGIS London appoints hull book leader from Hiscox

Guy Carpenter taps Aon managing director for UK non-marine unit

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
25 July 2018   Bermuda domiciled specialist re/insurer Ascot has launched a new trade credit insurance division in the US while appointing senior executives from Atradius and Zurich.
Insurance
13 July 2018   Bermuda-based specialist re/insurer Ascot Group has poached a US marine team from Navigators Group and launched a new US marine business on the back of this.
Insurance
27 November 2017   Bermuda-based Ascot Group has launched its reinsurance division, Ascot Re, following approval from the Bermuda Monetary Authority (BMA).