Ascot buys Greyhawk in US expansion move

Bermuda-based Ascot Group, through its subsidiary Ascot US Holding Corporation, has acquired Greyhawk Insurance Company and its subsidiary Greyhawk Specialty Insurance Company.

Greyhawk Insurance Company is a Colorado domiciled admitted lines insurer and has been in runoff since 2006. Its wholly owned subsidiary Greyhawk Specialty is a dormant Rhode Island domiciled excess & surplus lines insurer.

The Greyhawk companies will expand Ascot’s US platform and provide increased access to the US insurance markets, according to Ascot.

The acquisition is subject to regulatory approvals.

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