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Ascot Inland Marine
Ascot offers a wide range of solutions for inland marine. We are mainly a 100% risk player in the primary admitted market however we also have access to non-admitted paper and can offer excess and quota-share positions as well. All risks are written on A rated XIV (A.M. Best) paper.
Key differences:
- We can write CAT exposed risks as part of our all-risk portfolio- Ascot U.S. has a market leading Ocean Marine team which we can partner with on risks- We subscribe to the AAIS suite of products for both Inland Marine and Property
Core Inland Marine classes:
Bailee’s CustomersBridges & TunnelsBuilders RiskCamera EquipmentContractors EquipmentCourierCrane OperationsEDP/Electronic/Computer EquipmentEquipment DealersFine Arts Dealers and CommercialInstallation FloatersJeweller’s BlockLeased PropertyMedical/Imaging Equipment Mining Equipment SurfaceMobile Agricultural MachineryMotor Truck CargoMusical InstrumentsOil & Gas Equipment on-shore
Related property out of appetite:
Foreclosed PropertyHabitational/ResidentialHeavy Cat ExposuresLessors RiskMortgage ImpairmentMedium to High Fire ExposuresPetrochemical PlantsRestaurantsRetail
Oil Lease PropertyRadio & TV Tower & EquipmentRiggers LiabilityRolling Stock non-class 1Scheduled Property FloaterTanks and Tank ContentsTransportationWarehouse Legal Liability
Related property in appetite:
AssemblersBroadcastersContractorsDealersDistributorsLight ManufacturingProcessorsTransportationWarehousingWholesalersOther Miscellaneous
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Transportation 12%:
• Transportation • Motor Truck Cargo • Warehouse Legal Liability • Railroad Rolling Stock • Miscellaneous Other
All Other 18%:
• Bailees Customers • Camera/Musical Instruments Floater • Leased Property Floater • Tanks and Tank Contents • Miscellaneous Other
Jeff VetterExecutive Vice President, Head of Inland Marine E: [email protected]: 470-552-4146C: 404-291-4789
Ascot Insurance U.S. comprises of Ascot Insurance Company, an admitted U.S. business, and Ascot Specialty Insurance Company, an E&S platform. A.M. Best have assigned both of these companies a Financial Strength Rating of A (Excellent) and a Long-Term issuer Credit Rating of ‘A’ with a Financial Size Category of Class XIV ($1.5 Billion to $2 Billion). The outlook of these Credit Ratings is stable.
Ascot Group is owned by Canada Pension Plan Investment Board (CPPIB), the largest pension plan in Canada with over C$300 billion in invested assets and is ‘AAA’ rated by S&P and Moody’s.
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UNDERWRITING
UNDERWRITINGRE
REAN ASCOT GROUP COMPANY RE
REINSURANCE U.S.
ascotgroup.com
Target book mix:
Construction 50%:
• Contractors Equipment • Builders Risk • Equipment Dealer • Installation • Oil & Gas • Rigging • Miscellaneous Other
Technology 20%:
• Computer Property/EDP • Radio & TV Tower & Equipment • Mobile Medical/Medical • Miscellaneous Other