Bermuda-based global specialty insurance company Ascot has announced the appointment of Matt Roy to the newly created role of U.S. Chief Operating Officer, effective November 18.
In his new position, Roy will be tasked with aligning underwriting, operations, and technology across the U.S. and designing change initiatives to continue to enhance the company’s operating model.
Additionally, to align with the platform’s business strategy, he will also oversee the implementation of shared platforms, procedures, and best-in-class processes across all Ascot U.S. operations, ensuring cohesive and efficient operations.
The executive will continue to be based in the company’s Iselin, New Jersey office, reporting to Elizabeth Johnson, Ascot Group Chief Operating Officer, and will be a key member of the U.S. Senior Leadership team.
Johnson stated: “Matt has both the skills and knowledge to make him uniquely qualified to excel in this role. He is a trusted leader and colleague at Ascot, where he has built an industry-leading E&S Casualty business unit, a skilled underwriter with a deep understanding of the insurance market and risk landscape, and an experienced operations professional.”
Roy has been part of Ascot since 202, when he joined as Head of E&S Casualty. He has since overseen the team’s expansion to 25 risk professionals and the launch of four products within E&S Casualty, and has championed and implemented technology solutions across the group to enable efficient, data-informed underwriting.
Prior to Ascot, he served at AXA XL where he was Assistant Vice President, E&S Casualty and spent six years at Everest Insurance as Northeast Regional Manager and Technical Operations Leader of Wholesale Casualty.
Roy began his career at Crum & Forster first in operations and operations management before transitioning into an underwriting role in their wholesale casualty unit.
Roy’s career began at Crum & Forster, where he initially held a role in operations and operations management. Subsequently, he transitioned into an underwriting role within their wholesale casualty unit.
