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Bonnet has spent more than four years at WTW in increasingly senior roles.
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The company is looking to grow through its new MGA incubator program.
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Other MGAs in the transactional-liability class are also expanding into the US.
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The MGA secured a “significant strategic investment” from Zurich earlier this year.
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The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
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This follows the news that AmTrust will spin off some of its MGA businesses.
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The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.
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The executive joins from MSIG USA.
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
