Ascot has appointed Mark Totolos to a newly created role of senior vice president for captive solutions at Ascot US.
The appointment marks the (re)insurance underwriting group’s entrance into America’s booming captive market.
Totolos, who joins from Skyward Specialty Insurance where he was head of captives and programmes, will be a part of the portfolio solutions group, reporting into Tony Lyons, head of portfolio solutions.
Matt Kramer, CEO at 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.”
Totolos will be responsible for setting and communicating the vision, value proposition, and long-term business strategy for Ascot’s new captive solutions portfolio.
“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,” Totolos said.
“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.”
Totolos has previously worked for AIX Group, a subsidiary of Hanover Insurance Group, and Harleysville Insurance Company in underwriting and captive roles.