Ascent Underwriting today announces the appointment of Caspar Stops as head of cyber and is due to start at the end of November
Stops joins from Brit, 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 Ascent products, including focusing on their increased appetite for large risk 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.
It is great to welcome Caspar at such an exciting and important time for Ascent. Caspar is a 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. ”