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Legacy firm Darag has completed a reinsurance agreement with an undisclosed US carrier that carries a transaction value of around $15mn. -
Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The transaction covers net reserves for losses and loss expenses of approximately $400mn and provides ground-up cover to a policy limit of $605mn.
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The CEO addressed the progress of the strategic process in his first interview since taking the role.
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The tech company contributed $139mn to its asbestos subsidiary companies as part of the deal.
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Around 50% of the $100bn growth in the market emanated from deals struck in North America.
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The company expects to announce another similarly sized deal soon, and the rest of the year’s pipeline is “beyond expectations”.
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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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Guy Carp is advising the specialty insurer as it seeks to draw a line under adverse development from its historic program book.
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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 transaction will eliminate Enstar’s direct exposure to cat business and boost its book value.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
