Ascot builds up US platform
Bermudian-based Ascot Group Ltd has acquired two parts of Greyhawk Insurance in run-off with the aim of increasing its access to the US insurance market.
The group’s US subsidiary, Ascot US Holding Corporation, will acquire Greyhawk Insurance Company and its wholly owned subsidiary Greyhawk Specialty Insurance Company.
“The Greyhawk companies will expand Ascot’s US platform and provide increased access to the US insurance markets,” Ascot said.
Greyhawk Insurance is domiciled in Colorado and admitted lines insurer that has been in run-off since 2006. Greyhawk Specialty is a dormant Rhode Island-domiciled excess and surplus lines insurance company.
Ascot will acquire licences for underwriting different lines of business in many US states through the acquisition.
Your money’s not good here – locals only
Builders eye pay rates for trades
Belco ordered to pay back solar users
Caddy Shack Grill opens at Fun Golf
Jones refuses to walk after first-ball duck
Experts: we face hard choices on pensions
Cryptominers dig deeper as bitcoin sinks
Take Our Poll
- "Cup Match 2018 is in the record books. Who is your favourite for MVP?"
- Onias Bascome (StG)
- Chris Douglas (SCC)
- Terryn Fray (SCC)
- Stephen Outerbridge (SCC)
- Dion Stovell (SCC
- Total Votes: 1869
- Poll Archive