NEW YORK, NY, April 21, 2021:
Ascot Group today announces the appointment of Jonathan Legge as Executive Vice President, Strategic Operations at Ethos Specialty, the group’s wholly owned Managing General Underwriter (MGU).
Jon will focus on the management and development of strategic capital relationships by working closely with third-party capital, reinsurance panels, fronting and single carrier arrangements, to provide the most effective and efficient capital for Ethos and its clients. Jon will also work across the Ethos Specialty business to enhance distribution, service quality and brand presence. He will report to Nick Greggains, CEO, Ethos Specialty, and work closely with the Ascot North America executive management team led by Jonathan Zaffino, Group President.
Jon joins Ethos Specialty from RT Specialty where he was Senior Vice President working across a range of transactional risk and alternative asset insurance classes. Industry experience includes a similar position at Vanbridge LLC prior to which he spent 12 years at Marsh, rising to be Managing Director where he ran their the Global Transactional Risk insurance practice.
Ethos Specialty provides ten dedicated programs throughout the United States across Casualty, Property and M&A Insurance. Led by experienced underwriting practitioners, these offerings provide exceptional returns for all stakeholders by leveraging the leading underwriting talent, distribution partnerships and operational efficiency complemented by the strategic capabilities of Ascot.
Nick Greggains said:
“In an increasingly dynamic MGU market, we’re seeing a demand for quality where clients want long term resilience, underpinned by exceptional underwriting, operations and service. Ethos Specialty is able to provide this quality, and we’re delighted to welcome Jon to the business with his unique skillset and diverse understanding of capital structures. Ethos Specialty has always focused on using the most effective forms of capital that offer adequate risk profile and returns for providers, while giving stability and security for clients. I know Jon has an exceptional understanding of insurance capital dynamics, and I look forward to him joining our talented team as we continue to expand our coverage and capacity for clients, providing them with enhanced solutions over multiple cycles.
Jon Legge added:
“Ethos Specialty is a unique MGU that is able to fuse the technical and diligent underwriting of Ascot together with leading technology, digital operations and service. This combination makes for an excellent proposition for capital providers who can count on thoughtful allocation and long-term sustainable returns. I look forward to working with Nick and the Ethos Specialty underwriting team as we continue to provide a market-leading proposition for our partners, while delivering resilience and long-term relationship value to clients.”