Ascot launches new MGA and hires Michael Sillat to lead


Ascot Group Limited (AGL) has set up a managing general agent (MGA), Ethos Specialty Insurance Services.

The Lloyd’s insurer said it wants to invest and build a global property and casualty insurance and reinsurance platform.

It added that Ethos would operate as a separate entity to the other AGL businesses: Ascot Underwriting Ltd (Syndicate 1414 at Lloyd’s) and Ascot Underwriting Bermuda Limited.

In addition, Ascot has hired Michael Sillat as chief executive officer (CEO) of Ethos

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