Kelemenis & Co. advises Ascot Insurance on Greek hull insurance regulations

The firm has been instructed by Ascot Insurance to advise on the licensing requirements for offering blue water hull insurance services to Greek insureds and the intermediation of local licensed brokers. Ascot is an 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 the Canada Pension Plan Investment Board (CPPIB), the largest pension plan in Canada.