Zuk joins Orchid to build out platform and ILS capability
Cat-focused MGA Orchid Underwriters has hired Joe Zuk as it looks to diversify by geography and product line and build a platform that can act as a conduit for ILS capacity, The Insurer can reveal.
Ascent backer Preservation Capital builds MGA platform with Cove investment
Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.
ILS investors seek rate hardening after costly H2 2018: Swiss Re
2018 marked the second-highest year of ILS issuance volume on record, but investors will now seek rate hardening after another costly cat year, according to Swiss Re.
Ascot taps Markel for US inland marine head
Ascot Insurance US has appointed Jeff Vetter as executive vice president and head of inland marine.
Altamont in exclusive talks to buy Topa
Topa Insurance Group has entered into exclusive talks with potential buyer Altamont Capital as the Californian carrier moves closer to a sale, The Insurer can reveal.
Apollo’s $2.6bn take-over of Aspen completes
Alternative investment heavyweight Apollo Global Management has cleared the final hurdle in its $2.6bn takeover of Bermudian carrier Aspen.
Former Aspen CEO O’Kane to get $10mn transaction bonus
Former Aspen CEO Chris O’Kane has been granted a $10mn bonus and former CFO Scott Kirk has been granted a $1mn bonus for assisting in the Bermudian (re)insurer’s $2.6bn takeover by Apollo Global Management.
Ascent backer Preservation Capital builds MGA platform with Cove investment
Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.
Altamont in exclusive talks to buy Topa
Topa Insurance Group has entered into exclusive talks with potential buyer Altamont Capital as the Californian carrier moves closer to a sale, The Insurer can reveal.
AmTrust to become “significant minority” Canopius shareholder
AmTrust will become a “significant minority” shareholder in the PE-backed Lloyd’s insurer Canopius if it completes the sale of its Lloyd’s arm.
Tooker and Tizzio to lead new The Hartford units after Navigators deal
The Hartford is reorganizing its P&C business into two new units headed by Mo Tooker and Vincent Tizzio following the close of its $2.1bn acquisition of US specialty insurer Navigators.
Guy Carp names Hochberg head of new Capital Solutions unit post-JLT takeover
Guy Carpenter has unveiled a new business unit - Global Capital Solutions Group – with JLT Re’s Ed Hochberg taking a top role.