Ascot Group Limited has announced the establishment of Ethos Specialty Insurance Services, LLC, a new, standalone managing general agent (MGA) that supports its property and casualty re/insurance platform expansion.
Ethos Specialty Insurance Services, LLC, will operate under Ascot Group Limited as a separate entity to Ascot Underwriting Ltd. and Ascot Underwriting Bermuda Limited. The new MGA will be led by Michael Sillat, who has been named Chief Executive Officer (CEO), effective December 1st, 2017.
Before joining Ethos, Sillat worked at WKFC Underwriting Managers for 15 years, starting as Chief Financial Officer (CFO) before becoming the company’s Chief Operations Officer (COO) in 2008, and then President and CEO in 2011.
Commenting on his new role, Sillat, said; “I am very much looking forward to joining the team and building what will be the preeminent MGA in the specialty arena.”
Previously Head of Audit and Programme Implementation at WKFC Underwriting Managers, Justin Meizlik, has been appointed COO at Ethos, Ascot has announced.
CEO of Ascot, Andrew Brooks, said; “Leadership, operations, and controls are key to building any successful business, especially where the strategy is a combination of organic growth and M&A, such as is the case for Ethos.
“Michael and Justin’s multi-year experience in building and executing operating platforms for myriad MGAs and programmes will be invaluable as we begin to execute our strategy. We look forward to having them both on the Ethos team.”