Capita bags new five-year Ascot deal

Capita Commercial Insurance Services has secured a five-year contract extension with Ascot Underwriting.

Capita will run risk capture, aggregations and pre bind checking services for the Lloyd’s managing agent.

Derek Henry, Capita Commercial Insurance Services managing director said: “Capita has a wealth of experience in managing all elements of data capture for the London Market and our blended onshore/offshore model delivers to the exacting quality standards demanded by our customers at a low cost.

"The combination of process expertise and the extensive experience of our insurance professionals, working with managing agents of all sizes, combines to add genuine value to organizations like Ascot.”

Gareth Challingsworth, operations director, at Ascot Underwriting said: “Key to our choice of partner was the need to accurately predict costs over a period while at the same time ensuring accuracy and quality.”