Ascot launches new US marine insurance structure

Ascot has announced the launch of a new US Marine Insurance structure, under the leadership of Tom Nasso, Executive Vice President and previously Head of Ocean Marine at Ascot.

The new insurance division will combine Ascot’s US Ocean Marine portfolio and US Inland Marine capabilities into a newly aligned underwriting unit.

Ascot provides marine insurance to a range of organizations from small domestic operators to global shipping organizations through underwriting teams in the US, Bermuda and at Lloyd’s.

Nasso joined Ascot in 2018 from Navigators, with two decades of experience in the industry spanning brokerage and underwriting leadership positions at various specialty insurance organizations (Crum & Forster, Liberty International, Benfield). In his new role Nasso will continue to report to Matt Kramer, CEO, US Insurance.

Kramer said: “I am delighted Tom will be taking on this new position with the remit of aligning our US marine insurance solutions under his leadership. Tom is a well-respected leader within Ascot, and of course within the overall marine market, with a well-earned reputation for underwriting excellence and service to his clients. I am confident this new structure will allow us to increase our relevance to our brokers and clients by offering a broad range of marine insurance solutions on our A rated paper.”