Ascent poaches head of cyber from Brit

Ascent Underwriting, a London-based cyber and specialty lines MGA, has hired a new head of cyber from Brit Insurance.

Caspar Stops will take up his new role at the end of November 2018. He's currently a global cyber, privacy and technology underwriter at Brit, having previously served in senior underwriting roles at Aegis and Hiscox.

Reporting to chief underwriting officer Gareth Tungatt, Stops will spearhead the development of further innovative products, including focusing on large risks, while contributing to the profitable growth of the existing portfolio.

Ascent said the appointment follows that of James Weatherstone as non-executive chairman in March and Rob Harden as chief financial officer in June. It added that with additional capital being provided by Preservation Capital Partners (which acquired a majority shareholding in Ascent in January), further appointments and product announcements are expected to be announced this year.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Ousted Aspen CEO suggests senior management can stay

Tokio Marine invests in Allianz-backed insurtech Simplesurance

Munich Re appoints new UK life chief executive

Liberty boosts financial institutions unit with Sompo, AXIS hires

Sompo International expands global risk control function

Don't miss our insurtech email newsletter - sign up today