Specialty re/insurer Ascot has appointed Mitch McBain as Senior Vice President (SVP), Head of Management Liability in Bermuda.
McBain will be responsible for the underwriting and management of Ascot’s professional and management liability insurance portfolios in Bermuda.
He will help Ascot’s expansion into professional lines, collaborating closely with colleagues across the U.S. and at Lloyd’s.
McBain joins from Willis Towers Watson where he was Head of UK & International for Finex D&O, and has held several underwriting and broking roles in professional lines.
He started off as an Account Executive at Willis before transitioning to underwriting with Liberty Insurance and Axis Capital. Based in Bermuda, he will report to Ian Thompson, CEO, Bermuda.
Thompson said: “I’m delighted to welcome Mitch to Ascot as we expand our presence in the Bermudian primary insurance market. Ascot is a meaningful presence on the island, offering a suite of solutions across all major product lines in both insurance and reinsurance.
“I know that under Mitch’s stewardship, we’ll continue to enhance our professional lines capabilities across the Ascot ecosystem – offering clients and broking partners tailored coverage in the U.S., Bermuda and through Lloyd’s.”
McBain added: “I’m thrilled to join Ascot at this exciting time in its growth journey. Our presence in the management liability market, with ecosystem capabilities, allows us to offer a range of solutions according to client needs.
“I know that we are an attractive risk partner for professional solutions and look forward to collaborating with colleagues across the Group as we enhance our client offering and depth of coverage.”
