Heavyweight investment firm Apollo Global Management has formed a new Bermudian (re)insurer, which is expected to be used as a platform for writing large P&C and life trades, re-Insurance.com can reveal.
Run-off acquirer Darag has entered a joint venture with US-based SOBC in a bid to grow beyond its European heartland into the North American, Caribbean and Bermudian legacy markets.
Run-off specialist Armour has appointed Ranbeer Bhatia and Andrea Piatti.
Scandinavia-focussed alternative investor New Nordic says it is poised to sue the former owner of its Danish insurer Qudos for “misrepresentative and fraudulent acts” following its acquisition of the carrier in 2017.
Berkshire Hathaway has excluded talcum powder-related exposures from the $1.5bn adverse development cover (ADC) it struck with The Hartford in late 2016.
Run-off acquirer Darag has earned a EUR260mn ($303.4mn) investment from a pair of private equity houses just a week after its new CEO Tom Booth took his seat in the office.
Axa Liabilities Managers has hired Novae’s former head of commutations and reinsurance claims Steve Hennessey, re-Insurance.com can reveal.