Ascot appoints Everest’s Herman as Group Head of Underwriting Performance Management

Ascot, a Bermuda-domiciled global specialty insurer, has appointed Eric Herman to the newly created role of Group Head of Underwriting Performance Management, based in the company’s Iselin, New Jersey office.

In this role, Herman reports to Elizabeth Johnson, the Group’s Chief Operating Officer and Mark Pepper, the Group’s Chief Underwriting Officer.

His remit includes working closely across functions to optimize Ascot’s business portfolio and analyze market intelligence, trends and data to identify new opportunities for growth and innovation, execute the company’s strategic and financial objectives, and provide guidance to optimize the allocation of group capital.

Prior to this appointment, Herman spent nearly a decade at insurer and reinsurer Everest in senior corporate underwriting and business performance roles, most recently serving as Chief Underwriting Officer, North America.

At Everest, he implemented a robust portfolio management process for the company’s more than $4 billion North American portfolio, developed advanced analytics capabilities to optimize reporting, and collaborated closely with business leaders across groups to identify growth opportunities and refine risk selection.

Before Everest, Herman was responsible for overseeing the strategic and financial performance of all regional lines of business as Head of Business Performance at Zurich North America.

Johnson commented on the appointment, “Eric is a strategic thinker with decades of portfolio management, analytics and risk assessment experience. He has a proven track record of leading high-performing teams and facilitating cross-functional collaboration that will drive underwriting performance and optimize our opportunities across the global Ascot ecosystem.”

Pepper added, “Our talented underwriting and leadership teams across the globe will benefit greatly from Eric’s extensive industry background and acute ability to distill complex issues and large data sets into strategic guidance to improve our business outcomes. I look forward to working closely with Eric as we continue to find ways to diversify and optimize our specialty portfolio to best serve the needs of our unique clients.”

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