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The legacy player is working to secure its first deal, and could look to expand to US E&S. -
The Bermuda SPI will write a quota share of SageSure’s captive Anchor Re.
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The merged business of Twelve Securis ranked third among ILS managers for AuM, behind Fermat and RenRe.
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Reserve releases helped to recapture deferred fees.
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George Cantlay will also assume the additional position of president of the Bermuda business.
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The reinsurer returned $216.7mn to investors in Q2.
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He replaces Andrew Hughes, who held the role since 2021.
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We discuss progress in collateral management with our Outstanding Contributor winner.
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The fund’s ILS portfolio is split between 70% property cat and 30% cyber risk.
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The third-party capital manager is a new entrant to the retro space.
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A group of Bermuda staff also left the broker.
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