11 April 2023Analysis

Ascot appoints US captive solutions leader

Ascot has appointed Mark Totolos to the newly created role of senior vice president, captive solutions, Ascot US.

Totolos will be a part of the Portfolio Solutions group, reporting into Tony Lyons, head of portfolio solutions, and be responsible for setting and communicating the vision, value proposition, and long-term business strategy for the organisation’s new Captive Solutions portfolio.

He joins Ascot with more than 15 years of experience in the specialty insurance industry, most recently working at Skyward Specialty Insurance Company where he served as senior vice president, head of captives & programs. While at Skyward, Mark was responsible for managing the captive and program divisions, ensuring profitable growth and providing specialty solutions for their trading partners.

Previously, he spent time at AIX Group (a subsidiary of Hanover Insurance Group) and Harleysville Insurance Company/ Nationwide in roles of increasing responsibility in the underwriting and captive space.

Matt Kramer, chief executive of Ascot US said: “With Mark’s deep experience and extensive knowledge in the captive marketplace, I am confident that we will be well-positioned to capitalise on strategic captive opportunities, expanding our portfolio to best serve our clients both now and in the future.”

“As companies continue to seek Alternative Risk Transfer with increasing frequency, Ascot is committed to responding to the dynamic market by offering clients new capabilities that meet their evolving needs,” said Totolos. “In this role, I look forward to developing Ascot’s captive business to both drive growth and profitability, and to provide creative solutions to address our clients’ risk management challenges.”