CyberGuide - Information Security and Cyber Risk Management

Ascot Group

Drew Walter
55 West 46th St, 26th floor
New York, NY
10036
646.356.8101
drew.walter@ascotgroup.com


About Ascot Group:

Ascot Group is a Bermuda domiciled specialty insurance and reinsurance business founded in 2001 with four operating divisions:  Ascot Underwriting, the Managing Agency for Syndicate 1414 at Lloyd’s; Ascot Bermuda, which writes excess insurance and reinsurance as well as managing the Group’s alternative capital vehicles; Ascot U.S., a specialty insurance provider to middle market customers through retail and wholesale brokers in the United States, and; Ethos Specialty, a New York headquartered Managing General Underwriter (MGU) which provides underwriting and insurance services to third parties.

Ascot Group is owned by Canada Pension Plan Investment Board (CPPIB), the largest pension plan in Canada with over C$400 billion in invested assets and representing the retirement contributions of over 20 million Canadians. CPPIB and is rated ‘AAA’ by S&P and Moody’s.

Survey Answers

Target Client Size
Up to $1B
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, United Kingdom, Asia
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
2018
What are your company’s cyber insurance direct written premiums?
$10M to $25M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
91% to 100% standalone | 0% to 10% endorsements
What percentage of your cyber book of business is primary and excess?
81%-90% primary | 0% to 10% excess
How many dedicated cyber insurance underwriters of standalone does your company have?
6-10
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Did not respond
How many cyber-related claims did your company handle last year?
0-5