New EVP will head marine phase for the US sector
Ascot Group has introduced two developments for the corporate in keeping with bolstering its propositions within the marine and environmental segments.
First up is the announcement that Pat Stoik is about to hitch the corporate as government vice chairman, head of marine for Ascot US, beginning Oct. 24.
With over 35 years of senior administration, underwriting, and dealer expertise within the marine trade, Stoik’s most up-to-date position was chief danger officer for Overhaul Group, a agency specializing in in-transit provide chain danger administration. On this place, he was liable for the corporate’s insurtech enterprise technique and performed an important position in enhancing and offering consultations on Overhaul’s presence within the insurance coverage market.
Over the course of his profession, Stoik has additionally made vital contributions at main P&C insurance coverage corporations, together with Nice American Insurance coverage Group. Throughout his tenure there, he oversaw 4 underwriting divisions, together with ocean and inland marine, in each the USA and Europe.
In response to LinkedIn, Stolk holds a bachelor of arts from Colorado State College and carries distinguished designations, together with Licensed Insurance coverage Counselor, Affiliate in Danger Administration, and Transportation Danger Specialist. Moreover, he’s a longstanding member of the Inland Marine Underwriters Affiliation, having beforehand held roles comparable to vice chair on the board of administrators and chairman of the Training Committee.
Stoik will likely be primarily based in New York and can report back to Matt Kramer, chief government officer of Ascot US.
“At Ascot we’re dedicated to including best-in-class expertise to our underwriting items whereas offering a client-centric strategy to our service, merchandise, and options,” Kramer mentioned. “Pat is a seasoned chief within the trade, and his deep information within the marine area will assist our continued success and progress within the critically essential US marine market.”
New environmental product for center market
Along with Stoik’s appointment, Ascot introduced the introduction of Prime PREMIER, the most recent addition to their environmental insurance coverage product lineup.
Prime PREMIER is an environmental fixed-site air pollution insurance coverage product tailor-made to cater to purchasers from the center market to the Fortune 1,000, with a deal with actual property, manufacturing, distribution, warehousing, industrial, and growth sectors.
Its title additionally encompasses its goal — “Defending Actual Property, Manufacturing, and Trade from Environmental Danger.” Ascot’s launch of Prime PREMIER is a response to the prevailing market demand for a simplified and environment friendly kind that successfully addresses intricate technical dangers by means of meticulous and exact underwriting.
“At the moment’s corporations have to be ready for the occasion of unexpected environmental perils. We’re thrilled to supply our new Prime PREMIER product, providing a simplified kind with the pliability to construction bespoke options for our purchasers’ most complicated environmental dangers. Our group has each deep underwriting experience and devoted claims dealing with that enables us to provide these accounts the eye they require and the service they deserve,” mentioned Ted Mavraganis, Ascot environmental senior vice chairman and Prime PREMIER head.
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