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A roundup of all the news you need, including Nick Fallon’s departure from Aon.
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Losses were primarily driven by personal property lines.
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The tech firm is building a joint stock company with insurers and investors.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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Victory Pioneer Cat Bond Fund also added assets in the past month.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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Arch set up Bermuda investment manager Arch Fund Management in February.
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The syndicate is targeting capital allocation for 1 January, the company confirmed.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Scott Cobon's most recent title was MD, insurance management services.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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The figure comprises 6.07% of insurance discount margin and 4.15% of risk-free rate.