Ascot adds former Skyward exec as US captives leader

Mark Totolos

Ascot Group Ltd. said Tuesday it has hired Mark Totolos, a former Skyward Specialty Insurance Group Inc. executive, as senior vice president of its newly formed U.S. captive solutions practice.

He will be part of the portfolio solutions group and report to Tony Lyons, head of portfolio solutions. The captives practice will initially offer reinsurance coverage and fronting services.

Mr. Totolos, based in Houston, previously served as senior vice president, head of captives & programs, at Skyward.