Specialty insurer and reinsurer Ascot has announced the appointment of Mark Totolos as Senior Vice President, Captive Solutions, Ascot US.
Totolos will be a part of the Portfolio Solutions group and will report into Tony Lyons, Head of Portfolio Solutions.
In this newly created role, he will be responsible for setting and communicating the vision, value proposition, and long-term business strategy for the organisation’s new Captive Solutions portfolio.
“As companies continue to seek Alternative Risk Transfer with increasing frequency, Ascot is committed to responding to the dynamic market by offering clients new capabilities that meet their evolving needs,” Totolos commented.
He added: “In this role, I look forward to developing Ascot’s captive business to both drive growth and profitability, and to provide creative solutions to address our clients’ risk management challenges.”
Totolos joins Ascot with more than 15 years of experience in the specialty insurance industry, most recently working at Skyward Specialty Insurance Company where he served as Senior Vice President, Head of Captives & Programs.
While at Skyward, he was responsible for managing the Captive and Program divisions, ensuring profitable growth and providing specialty solutions for their trading partners.
Previously, he also spent time at AIX Group, a subsidiary of Hanover Insurance Group, and Harleysville Insurance Company/ Nationwide in roles of increasing responsibility in the underwriting and captive space.
Commenting on the appointment, Matt Kramer, Chief Executive Officer, Ascot US, said: “With Mark’s deep experience and extensive knowledge in the captive marketplace, I am confident that we will be well-positioned to capitalise on strategic captive opportunities, expanding our portfolio to best serve our clients both now and in the future.”
