Pat Ryan-owned wholesale broker R-T Specialty has hired Vanbridge co-founder Jonathan Legge to lead its transactional liability and private equity practices under the RT ProExec brand.
Legge was previously at broker and program manager Vanbridge where he developed a number of products for the private equity space and placed transactional liability business.
Before co-founding the predecessor to Vanbridge, Legge spent 12 years at Marsh, ultimately as leader of its private equity practice, within its financial and professional lines division.
“While at Marsh, Jon placed one of the first, if not the first, US reps and warranties policies,” R-T Specialty said.
“With the growing importance of private equity to the economy, we want to ensure that we are well positioned to continue to exhibit thought leadership and product innovation in this space,” RT ProExec co-president Alex Jezerski said.
“Jon is a recognised leader in this area and will be responsible for expanding our private equity practice and for further enhancing our presence in the transactional liability segment.”
“We believe that there is a significant need in the market for additional expertise not only in the representations and warranties line of coverage, but also in the less well-known tax liability and loss mitigation coverages.”
ProExec places professional and executive liability risks.