NEW YORK, NY, 27 April 2020:
Ascot today announces the appointment of Jonathan M. Zaffino as Group President.
Mr. Zaffino joins Ascot as Group President and will be based in the company’s New York office after completing his contractual obligations with Everest. Mr. Zaffino will report to Andrew Brooks, Group Chief Executive Officer and will oversee the organization’s U.S. and Bermuda platforms. He will also have executive responsibility for Ethos Specialty, a leading MGU within the U.S. market.
Mr. Zaffino brings extensive industry experience and expertise to Ascot, having served in a variety of leadership roles – spanning underwriting and brokerage – throughout his 26-year career. Mr. Zaffino is President and CEO of Everest Insurance, and Executive Vice President of Everest Re Group Ltd. Prior to joining Everest, Mr. Zaffino was a Managing Director at Marsh, prior to becoming President and CEO of Victor O. Schinnerer – a Marsh subsidiary.
Andrew Brooks commented: “I very much look forward to welcoming Jon to Ascot and working with him as we continue the build out of our U.S. and Bermuda businesses. His appointment demonstrates the strength of Ascot’s franchise, our commitment to building a premier global re/insurance business, and to attracting industry leading talent.
“In a short space of time, we’ve made tremendous progress in the U.S. and Bermuda, with an emphasis on underwriting discipline and the acquiring of high quality teams. From this very solid foundation, having someone of Jon’s enormous experience and expertise in the insurance space will be hugely beneficial in building upon what we have achieved, helping to take Ascot to the next level. The Ascot team and I look forward to working with Jon to achieve these goals.”
Mr. Zaffino added: “I am thrilled to join Ascot at this exciting time in its evolution. I look forward to partnering with Andrew and the Executive team, as well as all of the talented Ascot colleagues across the organization to continue on this path of growth and transformation.”