Trident & Ascot: Growing Forward

Trident & Ascot are Partnering

Trident Public Risk Solutions (Trident) has been a reliable insurance provider for public entities for decades. We are proud to provide insurance and risk management solutions that meet the evolving needs of our municipal, county, and public school policyholders. We are committed to meeting those now and in the future. We take a long-term view to ensure that we provide enduring stability and certainty

At times we make changes that are within the best interests of our customers, and that are aligned with our long-term commitment to you. We have made the decision to partner with Ascot Group (Ascot) to provide our portfolio of Casualty products beginning in 2024. With more than 20 years of consistency and stability, providing a diverse portfolio of (re)insurance business, Ascot is a leading global insurance group. Ascot’s strong financial performance has earned an A.M. Best rating of A (Excellent).

“We are excited for the future, as we continue to honor our commitment to you, providing deep public entity expertise and client-focused products and services, with best-in-class risk management and claim services.”

Sue Coates – President, Trident Public Risk Solutions

Ascot’s proven track record of consistency and stability in the (re)insurance industry over the past two decades aligns directly with our commitment to delivering long-term sustainable solutions and certainty. With their expertise in providing specialty solutions, we are excited to leverage their capabilities to enhance our own offerings and better serve our customers.

Let’s Answer Your Questions

• What is this change?
  • We are moving our Casualty program from Argo to Ascot. This includes General Liability, Employee Benefits Liability, Employment Practices Liability, Public Officials’ Liability, Educators’ Legal Liability, Law Enforcement Liability, Auto Liability and Physical Damage Coverage, Cyber Liability, and Excess Liability.
• Why is this changing?
  • We take a long view to ensure our program’s ability to provide stability and certainty for our agents, brokers, and policyholders. When we see an opportunity to enhance our program, we will make changes that are aligned with the best interests of our agents and policyholders.
  • We at Trident are deeply committed to the public entities that we serve. Our partnership with Ascot is an investment in the future, aligning our program with a carrier with shared values, a positive outlook, and an enduring commitment to excellence.
• Who is Ascot?
  • Ascot is a leading global (re)insurance group that provides specialty solutions for unique risks like those public entities are exposed to.
  • Ascot at a glance:
    • More than 20+ years of consistency and stability with a diverse portfolio of (re)insurance business.
    • Strong financial performance with an A (Excellent) A.M. Best Rating.
    • A global footprint with local operations, consisting of 900+ colleagues.

• Why Ascot?
  • We sought out a partner that reflects Trident’s most important commitments we hold for our agents, brokers, and policyholders:
    • LONGEVITY – To deliver consistency and predictability we are partnering with Ascot as their core values and deep commitment to specialty business matches our own.
    • STABILITY – To deliver the certainty and reliability we know public entities expect and require.
    • SOLUTIONS – To deliver products and services that are tailored to meet the needs of public entities, we are partnering with an expert in the specialty insurance market.
    • PARTNERSHIP – Simply put, we pick up the phone when you call. That’s what a partnership should be. And when Trident called, Ascot answered. It’s not enough to just write insurance, public entities need more to serve their communities. By partnering with Ascot we can continue to go above and beyond in service to those who serve the communities we live in.
• When will this happen?
  • We expect to begin transitioning business to Ascot in Q2 of 2024.
  • We will communicate with you directly in advance of the expiration of any of your account(s).
• How does this impact my coverage?
  • We will continue to provide all the same coverage lines that you currently have.
  • The coverage forms have been completely updated to current industry standards while maintaining the broad coverage with specialization to meet the needs of public entity risk managers.
  • Our coverage intent is largely unchanged.
  • We have taken the opportunity to improve clarity and include some additional enhancements as part of our new filings.
• Will the underwriting change at all?
  • Great news! You will continue to engage with your existing underwriter(s).
• How does this impact my claim handling?
  • Great news! There will be no change to claim handling. You will continue to report claims in the same way you do today, and you will continue to engage with our dedicated team of public entity claim adjusters.
• What do I need to do?
  • Even more great news! We will take care of everything. Trident will automatically set up your existing accounts with our new carrier partner, Ascot. Your underwriter will communicate directly with you well in advance of the expiration dates of your current account(s).
• What if something goes wrong or I need help?
  • Reach out by email or by phone to your underwriter or territory manager for assistance.
  • Call us!
• Will the program still be admitted?
  • Yes!
• Will you be sharing any coverage comparisons or anything about Ascot that I can provide to our policyholders?
  • Yes, bookmark this page for more as get closer to effective changes.