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Ascent Underwriting, the London-based cyber and specialty lines managing general agent (MGA), has appointed Caspar Stops as head of cyber.

Stops, who will take up the role at the end of November, joins from Brit Ltd. where he held the position of global cyber, privacy and technology underwriter. Previously he served at Aegis and Hiscox, also in underwriting roles.

Reporting to chief underwriting officer Gareth Tungatt, Stops will spearhead the development of further innovative products, including focusing on Ascent’s increased appetite for large risks, while contributing to the continued profitable growth of the existing portfolio.

His appointment follows that of James Weatherstone as non-executive chairman in March and Rob Harden as chief financial officer in June.

With considerable additional capital being provided by Preservation Capital Partners (which acquired a majority shareholding in Ascent in January), further appointment and product announcements are expected this year, said Ascent in a statement.

“Caspar is well-respected and an exceptionally talented underwriter, highly regarded by brokers,” said Tungatt. “He will be a significant addition to the team as we look to capitalize on our market-leading proposition and further extend our product base.”

Source: Ascent Underwriting

Topics Cyber Underwriting Insurance Wholesale