-
The deal follows a $37mn reserve charge taken by Third Point Re just ahead of the closing of its merger with Sirius International in February. -
The acquisition adds to Arch’s mortgage insurance operations in Bermuda, Europe and the US.
-
The broker was most recently global head of the ILW practice for Aon’s reinsurance solutions unit.
-
The PE house will inject growth equity capital into Premia after the all-paper deal.
-
The deal comes shortly after the legacy specialist established a $265mn sidecar, Elevation Re.
-
He has held a seat on the company’s board since 2017.
-
The deal with CNA subsidiary Continental Casualty reinsures excess workers’ compensation business relating to 2007 and prior-year business.
-
The reinsurance pact with Enstar’s Cavello Bay has an aggregate limit of $1bn.
-
The landmark transaction with Sentry requires court clearance after gaining the state insurance commissioner’s nod.
-
The legacy carrier is the first to utilise a recently enacted framework in Oklahoma.
-
The legacy bidder prevails over Enstar, Premia and start-up Marco.
-
Transaction marks the company’s second mortgage ILS deal of the year.
