Cyber and specialty lines Managing General Agent, Ascent Underwriting, has announced the appointment of Caspar Stops as Head of Cyber.
Stops joins from Brit where he served as Global Cyber, Privacy and Technology Underwriter. He previously served at Aegis and Hiscox, also in underwriting roles.
Effective at the end of November, Stops will report to Chief Underwriting Officer Gareth Tungatt. He will spearhead the development of further innovative products, including focusing on Ascent’s increased appetite for large risks, while contributing to the continued profitable growth of the existing portfolio.
“It is great to welcome Caspar at such an exciting and important time for Ascent. Caspar is well-respected and an exceptionally talented underwriter, highly regarded by brokers,” said Tungatt.
“He will be a significant addition to the team as we look to capitalise on our market-leading proposition and further extend our product base.”
Stops appointment follows that of James Weatherstone as Non-Executive Chairman in March and Rob Harden as Chief Financial Officer in June.
With considerable additional capital being provided by Preservation Capital Partners, which acquired a majority shareholding in Ascent in January, further appointments and product announcements are expected this year.
