Log In

Reset Password

New liability unit at Ascot Group

First Prev 1 2 Next Last
Todd Cusano, senior vice president, professional liability

Bermudian-based Ascot Group has launched a miscellaneous professional liability unit to provide comprehensive coverage for a wide range of professional service industries.

Under the leadership of Todd Cusano, senior vice-president, professional liability, MPL is the latest unit to join Ascot’s suite of professional liability offerings under the organisation’s AscotPRO business segment.

The organisation said the launch of a new MPL unit broadens Ascot’s specialty product suite, thereby helping firms achieve the certainty and resiliency needed to protect their financial stability and reputation.

MPL will be offered as a stand alone product on a primary and excess basis, and on a blended basis alongside cyber liability, media liability and technology E&O offerings.

Mr Cusano said: “Professional service firms today are facing ever-evolving exposures set in a climate of escalating court settlements and increasing damages.

“Ascot has expanded and enhanced our existing MPL offering under a dedicated unit to help provide customised solutions to a growing range of firms.

“This launch increases our relevance with our trading partners and clients by delivering stand alone and blended solutions along with leading risk management tools to effectively meet their growing needs.”

Brian Chiolan, executive vice-president and head of US financial lines, added: “As our organisation grows, we continue to find ways to simplify the customer and broker experience while providing them with best-in-class service and solutions.

“The launch of a dedicated MPL business unit, as well as the reorganisation of our professional liability suite as AscotPRO under Drew Walter, executive vice-president and head of AscotPRO, both illustrate our deep commitment to our professional services customers. We look forward to delivering an expanded suite of solutions to our brokers and clients in this space.”

Brian Chiolan, executive vice president and head of US financial lines

You must be Registered or to post comment or to vote.

Published September 28, 2022 at 5:04 pm (Updated September 28, 2022 at 8:46 pm)

New liability unit at Ascot Group

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon