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The executive will oversee management liability, healthcare and casualty/specialty reinsurance.
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NDAs have been sent out to global insurance groups and heavyweight PE firms, it is understood.
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Carr was previously SVP, global head of property catastrophe at the reinsurer.
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CEO Sankaran and COO Gangu are looking to use the firm’s capital, platforms and licensing to create value beyond reinsurance.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The legacy acquirer reported in its full-year earnings that rising interest rates decreased the fair value of its investment portfolio by $1.2bn.
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The ratings agency said it could revisit the ratings if James River’s loss portfolio transfer agreement with Fortitude Re does not go through.
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Since joining the company in 2003, Orla Gregory has held increasingly senior roles, rising to acting CFO in September.
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The firm posted positive quarterly earnings results, but it's too soon view this this as a new trendline.
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Clay Rhoades, formerly US E&S president, is named the new insurer’s CEO and will continue to report to Hamilton Insurance CEO Pina Albo.
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The CEO also said that price increases in property cat were insufficient for the company to allocate more capital to the line.
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