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Ascot launches US business, completes Greyhawk Insurance acquisition

Ascot Group Ltd. launched Ascot Insurance U.S., an admitted and surplus lines insurance business.

Greg Wolyniec was appointed president and CEO of the new business, based in New York. Wolyniec joined Ascot Group in June 2017 as group head of strategy.

Ascot Group also announced the completion of the acquisition of Greyhawk Insurance Co. and its subsidiary Greyhawk Specialty Insurance Co. Both companies will be renamed as part of the Ascot Insurance U.S. brand.

Ascot Group is owned by Canada Pension Plan Investment Board.