Start-ups
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn. -
The start-up has secured BMA approval as it looks to a 1 January kick-off.
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The business will trade via London, the US and Canada.
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Nationwide vet Mike Miller is launching the MGA, which focuses on the E&S market.
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Interest in these vehicles has increased recently, but market softening could throw a curve ball at growth.
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Elixir has an initial focus on cyber but will look to expand into other lines, including E&O and D&O.
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Floir approved nearly 650,000 policies for takeout from Citizens for October and November.
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The underwriting venture, Florida Re, will target both US and LatAm markets.
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Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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This follows AIG’s voluntary dismissal of claims against Dellwood’s top execs.
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AM Best assessed Dellwood’s balance sheet strength as “very strong”.
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A standalone syndicate could offer capital, trading, and licensing advantages.
