Brit global cyber, privacy, and technology underwriter Caspar Stops is moving to Ascent Underwriting.
Joining Ascent at the end of November to serve as head of cyber, Stops will be in charge of spearheading the development of further innovative products at the cyber and specialty lines managing general agent. The incoming cyber head will not only focus on Ascent’s increased appetite for large risks but also contribute to the continued profitable growth of the MGA’s existing portfolio.
“It is great to welcome Caspar at such an exciting and important time for Ascent,” commented chief underwriting officer Gareth Tungatt. “Caspar is well-respected and an exceptionally talented underwriter, highly regarded by brokers.
“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.”
The key arrival also brings experience from Aegis and Hiscox.
Meanwhile the MGA said additional appointment and product announcements are expected this quarter, given the considerable capital being provided by Preservation Capital Partners. The latter acquired a majority shareholding in Ascent in January.
