Ascot Announces New Appointments

Lloyd’s and London Market insurer Ascot Underwriting Ltd. has announced several new appointments to their operating units: Ascot Renewco, Ascot Asia, and Cargo teams.

Alex Lumby, Chief Underwriter and Principal Officer of Ascot Asia, is returning to London to lead Ascot Renewco, as Chief Executive after a year spent building up Ascot Asia. He “will continue as a member of the Ascot Asia Board and will maintain his strong contacts with Asian markets through his new role with Ascot Renewco,” said the bulletin.

Ascot noted that “Cargo has proved to be our lead line of business in Asia and to show Ascot’s continued commitment to the region, Lee Vanderson, leader of our global Cargo business, has been appointed Chief Underwriter and Principal Officer of Ascot Asia Pte Ltd., subject to approval from Lloyd’s and the Monetary Authority of Singapore.” He has been with Ascot since 2001 and “has built our Cargo account into the largest in Lloyd’s. He has worked extensively with our Cargo clients in Asia and brings significant experience in the region to his new role with Ascot Asia.”

Lumby indicated that he is “pleased by the success we have had in Asia to date and am very confident that Lee will maintain this progress, and look forward to continuing to assist him in the future.” Vanderson said he is looking forward to further establish our business in Asia and to working with Ascot’s trading partners in the region.

David Roe will join Ascot as Senior Underwriter for Cargo. He has 23 years of experience broking Cargo accounts. Most recently he was responsible for the Global Cargo Product Line at Marsh, embracing growth, retention and marketing disciplines.

Martin Reith, Chief Executive of Ascot Underwriting expressed his delight that Roe had chosen to join Ascot, and welcomed his proven experience in the Cargo business, noting that he had achieved a “year on year growth of the Cargo account at Marsh.”

Source: Ascot Underwriting – www.ascotuw.com