Ascot has appointed Matt Roy as chief operating officer (COO) of its US division, effective Nov. 18, according to an announcement from the company.
Roy, based in Iselin, New Jersey, will report to Ascot Group COO Elizabeth Johnson and join the US senior leadership team.
In this newly created position, Roy will oversee efforts to align underwriting, operations, and technology across Ascot’s U.S. business, aiming to streamline its operational model. His responsibilities include developing change initiatives and optimizing processes to support the company’s business objectives.
Roy will also ensure a unified approach to platforms and procedures, leveraging best practices across the U.S. branch of the company.
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Johnson said Roy brings extensive expertise to the role, having led Ascot’s E&S Casualty unit and demonstrating deep market and risk insight as well as operational experience.
"He is a trusted leader and colleague at Ascot, where he has built an industry-leading E&S Casualty business unit, a skilled underwriter with a deep understanding of the insurance market and risk landscape, and an experienced operations professional,” said Johnson.
Since joining Ascot in 2020 as SVP, head of E&S Casualty, Roy has overseen the expansion of the team to 25 risk specialists and the rollout of four new products within the E&S Casualty segment. His role has also involved advancing technological innovations within the company to support more efficient underwriting practices.
Previously, Roy held the position of assistant vice president in E&S Casualty at AXA XL and spent six years at Everest Insurance as Northeast regional manager and technical operations Leader in Wholesale Casualty. He began his career at Crum & Forster, initially in operations before moving into an underwriting role within the wholesale casualty division.
Ascot Group is a global specialty insurance and reinsurance group. Founded in 2001, Ascot provides a range of property and casualty products to customers worldwide through its Lloyd’s and Bermuda market platforms.
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