Ascot sales process launches as market wrestles with Russia-Ukraine exposures
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Ascot sales process launches as market wrestles with Russia-Ukraine exposures

Adam McNestrie
March 30, 2022
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Ascot has launched its long-telegraphed sales process against the backdrop of an encouraging 2021 Lloyd’s result, as the market struggles to quantify likely losses from the Russia-Ukraine conflict, this publication can reveal.

Sources said that around two weeks ago non-disclosure agreements were sent out to a range of global insurance groups and heavyweight private equity houses offering them the chance to view sales materials and enter an auction.

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