Ascot makes key appointments to expand specialty lines

New roles focus on portfolio optimization and strengthening US marine operations

Ascot makes key appointments to expand specialty lines

Reinsurance

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Ascot has revealed several key leadership appointments as part of its ongoing strategy to enhance underwriting performance and expand its US marine operations. The moves signal a focus on optimizing portfolios, driving innovation, and strengthening its competitive position across specialty lines.

Eric Herman has been named group head of underwriting performance management, a newly created role based in Iselin, New Jersey. Reporting to group chief operating officer Elizabeth Johnson and group chief underwriting officer Mark Pepper, he will work across Ascot’s functions to analyze market trends, optimize business portfolios, and guide the allocation of group capital.

Herman brings a wealth of industry experience, having previously served as chief underwriting officer for North America at Everest. During his tenure, he implemented advanced analytics and portfolio management processes for the company’s US$4 billion North American business.

He has also held leadership roles at Zurich North America and began his career as an actuary at Prudential P&C/High Point Insurance.

“Eric is a strategic thinker with extensive experience in portfolio management, analytics, and risk assessment. He has a proven track record of facilitating cross-functional collaboration to drive underwriting performance,” Johnson said.

In the US marine sector, Ascot has also made leadership changes to support its growing portfolio.

Jon Mosby has been appointed deputy chief underwriting officer, US marine and property, reporting to US chief underwriting officer Jesse Paulson. He joined Ascot in 2022 as senior vice president and head of inland marine.

Mosby will oversee underwriting strategies, governance, and innovation within the marine portfolio. With nearly two decades of marine underwriting experience, including roles at AXA XL, Gallagher, and The Hartford, Mosby is expected to further strengthen Ascot’s presence in this critical segment.

“With Jon’s significant marine underwriting experience, we are enhancing our ability to make informed strategic decisions and maintain a competitive edge in the marine market,” Paulson said.

Replacing Mosby as head of inland marine, Ascot US, is Dustin Jones, who will be reporting to Pat Stoik, head of US marine.

With nearly 25 years of risk management experience, including his time at AXA XL, Jones will now lead the inland marine team and refine the market strategy for this critical business. He joined Ascot in 2022 as senior vice president of inland marine.

“Both Jon and Dustin’s appointments showcase the depth of leadership talent in our marine group. I look forward to working closely with them as we deliver solutions to our marine clients,” Stoik said.

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