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The choice to build a reinsurance unit at arm’s length alleviates some financial strain. -
Neil Strong, Richard Holden and Jonathan Reiss have also joined as the leadership team is built out.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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Hereford and Maya have written $141mn and $15mn in DWP for H1 2024, respectively.
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The expanded team aims to increase capability across global specialty lines and property specialty retrocession.
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The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.
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Zaffino said the divested crop and travel businesses needed scale to be more profitable.
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ATIC insures about 60% of the NY livery market.
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The broker reported that global reinsurer capital reached a record of $695bn as of June 30.
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The deal helps boost Davies’ growth across North America and Canada.
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The executive succeeds Tim Ryan, who was recently appointed as the firm’s US president.
