NEW YORK, NY, 5 October 2020:
Ascot today announces the appointment of Nick Greggains as CEO of Ethos Specialty, the group’s wholly owned Managing General Underwriter (MGU).
Nick will assume management and oversight responsibility for the specialty underwriting services provided by Ethos on behalf of a panel of high quality carrier and syndicate partners. Since launch in 2017, Ethos has developed eight-niche programs across three divisions – Property, Casualty and Transactional Liability Insurance. Nick will work with the talented team of professionals to continue this growth, built around the expansion of solutions that fuse superior underwriting together with top-tier capacity.
An experienced practitioner, with over 30 years’ experience, Nick joins Ascot from Pioneer Underwriters where he was CEO of its U.S. operations. Prior to that, he was CEO of XL Catlin Canada and Director of Underwriting for XL Catlin Americas. Based in Stamford, CT, Nick reports to Jonathan Zaffino, Group President.
Following Nick’s appointment, Rory Cline will assume the role of Executive Underwriting Officer across Ascot’s North America businesses. Rory joined Ascot in 2009 to launch Facultative and Programs solutions before joining Ethos at inception in 2017. Rory will work closely with the North America leadership team, to help further Ascot’s many strategic business and underwriting initiatives. He will also report directly to Jonathan Zaffino.
Commenting on Nick’s appointment and Rory’s new role, Jonathan Zaffino said:
“At Ascot, we have a culture of world class underwriting, paired with first class claims, operational and technological solutions. We are therefore a highly attractive risk partner for syndicates and carriers offering who are seeking to partner with leading specialty firms such as Ethos. I’m delighted to welcome Nick to our business, his broad based underwriting experience, coupled with his intimate knowledge across the MGA/MGU market means that he’s an excellent individual to lead Ethos. I am confident that under his leadership our pursuit to provide leading solutions to our broker partners, while profitably deploying capacity on behalf of our insurance partners will gain momentum. I also want to thank Rory for his successful tenure running the Ethos business, and I’m particularly excited that we can now utilize his skills across the whole of Ascot’s North America operations.”
Nick Greggains added:
“Ascot Group’s vision focuses on a core set of attributes, which I believe are vital for a successful MGU. These include being a nimble business that is able to offer specialty products, combined with leading underwriting and distribution strategies, all of which are underpinned by modern technology and digital solutions. This platform is ideally positioned to provide successful and innovative programs to our industry partners. I look forward to working closely with Jon, Rory and the underwriting team at Ethos to deliver continued success.”