Ascent Underwriting announce a new non-exec chairman, who joins from Arch

Ascent Underwriting today announces the appointment of James Weatherstone as non-executive chairman.

Ascent hopes with the new appointment, it can expand its global distribution base, broaden its product offering and attract high-quality talent as the business seeks growth.

Weatherstone joins Ascent from Arch, where he was chief executive of Arch Insurance London (AICE) and Arch Underwriting at Lloyd’s (AUAL). 

He has also previously held positions with XL Group, Brockbank Syndicate Management and Merrett Underwriting Agency Management.

David Umbers, chief executive at Ascent said: “James is a highly regarded market practitioner with a successful track record of operating in challenging and highly regulated environments.

”I’ve no doubt that his extensive, senior-level expertise will be invaluable as we look to grow our existing proposition and expand into other lines where we see synergies and value as an MGA. I am delighted to welcome him to the team.”

Weatherstone added: “There is an enormous opportunity for further development within cyber and other emerging risk and specialty business lines.

”Ascent, with its innovative distribution platform and exceptional underwriting performance, has quickly established itself as a leading MGA and with the backing of Preservation Capital Partners, it is very well placed for future expansion. I very much look forward to working with the management team.”