Ascot Increases 2011 Capacity

LONDON, 27June 2011 - Ascot Underwriting Ltd. is pleased to announce that it has increased its capacity from £600m to £650m to support its 2011 business plan. 

Andrew Brooks, CEO of Ascot Underwriting Ltd. said, "Market conditions are changing, providing Ascot with opportunities, particularly in the reinsurance sector. We have increased our capacity for the remainder of 2011 to allow us to maximise these opportunities and expand our business where appropriate."