Reinsurance News

Ascot expands US marine team with new hires

9th November 2022 - Author: Pete Carvill

Specialty insurer and reinsurer Ascot has appointed Jon Mosby to be its new senior vice president and head of inland marine.

ascot-new-logoThe firm said in a statement that Mosby will report to Tom Nasso, executive vice president and head of US marine, and will be be responsible for managing Ascot’s US inland marine portfolio and advancing the market strategy for this business. He joins Ascot from Axa XL, where he was most recently responsible for the growth and management of the company’s Northeast inland marine business.

Also joining is Dustin Jones, who comes to Ascot as vice president for inland marine.

Jones most recently served as assistant vice president at Axa XL and has more than twenty-two years in the risk management industry in underwriting and loss control.

Nasso said: “I’m delighted to welcome Jon and Dustin to Ascot to partner with me in leading our inland marine portfolio. I know their disciplined approach to underwriting will help add value for our clients and further our growth in the marine space while appropriately managing our exposure.

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He added: “Our Inland Marine offering complements a number of product lines in the Ascot ecosystem, enabling us to provide bespoke solutions to clients on our A rated paper.”

The US marine team within Ascot has come into formation in recent months, following its launch a few months ago. Nasso was announced as the leader of the division back in July.

Back then, Ascot said that the new insurance division will combine Ascot’s US ocean marine portfolio and US inland marine capabilities into a newly aligned underwriting unit.

At the same time, the new grouping will promote underwriting and claims synergies to benefit clients, while ensuring a thoughtful and consistent view to the market across the range of marine exposures underwritten by this team.

Moreover, the new structure will also continue to provide traditional marine and associated maritime property solutions through retail and wholesale brokers across the US.

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