-
The Pine Brook founder (pictured) becomes deputy chairman immediately and will take the chairman's role in about a year's time. -
The live carrier will cease writing business with immediate effect and become a platform for the legacy acquirer's Asian run-off expansion.
-
The legacy carrier is in line to seal RITC deals following the closure of its acquisition of CTMA and Syndicate 1884.
-
The ratings agency said the transaction reduced the carrier’s exposure to higher risk legacy products.
-
Investment income and an improved performance at StarStone lift the group result.
-
Liabilities involved are associated with asbestos and environmental claims.
-
The reinsurer's shares rose more than 9 percent on news of the board rejecting the offer.
-
The executive is understood to have teamed up with former colleagues Harris and Hernon.
-
Asbestos payments in 2018 declined by 14 percent to $2.1bn, according to the ratings agency.
-
The transaction has now received regulatory approval and has closed.
-
John Cashin said the legacy space is too complex to be easily tackled with technology solutions.
-
The executive has investment from private-equity house Partners Group and is already considering transactions.
