Ascot completes sale of MGUs
Updated: Sep 17, 2024 02:09 PM
Jonathan Zaffino, group CEO and president of Ascot (File photograph)
Bermudian-based Ascot Group, the global specialty insurer and reinsurer, has completed the sale of the property and casualty managing general underwriters owned by Ethos Specialty Insurance LLC to Ryan Specialty, the international specialty insurance firm.
Ethos P&C was founded in 2017 by Ascot Group and will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty.
Ethos’ Transactional Liability MGU is not included in the transaction and will remain with Ascot.
Ethos P&C consists of eight programmes that underwrite on behalf of a diversified panel of insurance carriers. They generated approximately $11 million of operating revenue for the 12 months ended June 30.
Comments
Published September 17, 2024 at 2:09 pm (Updated September 17, 2024 at 2:09 pm)
What you
Need to
Know
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon
