Ascent to Launch Transaction Risk proposition with Alex Smith hire
Reporting to Chief Underwriting Officer Gareth Tungatt, Smith will establish a transactional risk business line and build a team as part of Ascent’s ongoing development of its specialty, niche classes.
He will join Ascent from Capital Risks where he served as Underwriting Director and was previously an underwriter at AIG within the M&A insurance group. He joined AIG from corporate finance advisory firm Kinmont Limited where he worked as an analyst.
Smith’s appointment follows that of Casper Stops as Head of Cyber in October. Further appointment and product announcements are expected as Ascent continues to expand in its chosen niches.