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Top Stories / Ad / Most Recent
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The sale of the subsidiary is the latest step in CEO Kevin Rehnberg’s plan to dial down risk and free up capital at the carrier.
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John McElroy will report to Bermuda Reinsurance Solutions chairman and CEO Tony Fox.
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The ratings agency has affirmed the carrier’s FSR of A- and LTC rating of a-.
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The broker was most recently global head of the ILW practice for Aon’s reinsurance solutions unit.
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Ascot has promoted casualty and specialty CUO Ian Thompson to CEO of its Bermuda operation.
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Former senior Verizon executive Michael Millegan has also become a director.
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The merged entity will also look to focus on higher margin lines and invest in InsurTech.
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The specialty reinsurer also had $11mn in Covid-19 claims and $7mn in catastrophe losses.
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Miller was formerly a senior underwriter at WR Berkley, where she ran a portfolio of middle market business.
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Argo is looking to redeploy capital from reinsurance and into high growth US E&S.
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The company benefited from improved underlying results, premium growth at its US operations, and a much smaller reserve hit.
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Chavers arrives to lead a push into the growing home-working sector.
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