NEW YORK, NY, February 9, 2018:
Ascot Group Ltd (AGL) today announced the appointment of Jerry Tegan as the Executive Chairman of Ethos Specialty Insurance Services, LLC. Ethos Specialty is the U.S. managing general agency (MGA) platform launched by AGL in August 2017. AGL is a portfolio company of the Canada Pension Plan Investment Board (CPPIB). Mr. Tegan will also join the Ascot Group Executive Committee providing support for all of the Ascot operating businesses.
“I look forward to working with Ascot to develop Ethos into the premier specialty commercial insurance MGA in the U.S.,” said Mr. Tegan. “Ethos is already launching several products into the market and I expect to help accelerate our growth by expanding our market partnerships and strategic acquisition reach.”
Most recently, Mr. Tegan served as a Managing Director of Ryan Specialty Group, LLC (RSG) and President & CEO of RSG Underwriting Managers until his retirement in January 2016. Prior to joining and helping to lead the formation of RSG in 2010, Mr. Tegan spent 22 years in executive roles at Aon Corporation leading a number of MGA and broker businesses including serving as Chairman, President & CEO of Agency Specialty Product Network Insurance Services, Inc.
“We are delighted to have an industry veteran of Jerry’s caliber and reputation join the Ethos team”, said Andrew Brooks, Chief Executive Officer of AGL. “His unrivaled experience in the MGA arena adds to the best-in-class talent Ethos continues to attract and strengthens our clear differentiation in the market.”
In his role as Executive Chairman, Mr. Tegan will work with the management team of Ethos to execute strategic growth initiatives and build industry leading operating capabilities and infrastructure.
About Ethos Specialty Insurance Services
Ethos is a U.S. managing general agency dedicated to the development and acquisition of underwriting platforms in both the standard market and E&S arenas. Ethos is a subsidiary of Ascot Group Ltd. (AGL) and operates as a separate entity to the other AGL businesses: Ascot Underwriting Limited (Syndicate 1414 at Lloyd’s) and Ascot Reinsurance Company Ltd (Bermuda). AGL is owned by Canada Pension Plan Investment Board (CPPIB).
For more information, please contact:
Greg Wolyniec, Head of Global Strategy, Ascot Group Limited