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Reardon, Dudek and Roberts are all set to be reunited with former colleagues including Jeff Clements. -
The former head of AmTrust Re and ex-MS Amlin property underwriter will help establish the start-up's Bermuda office.
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As part of the deal Pelican Ventures and JC Flowers will provide capital for 2021 onwards, with Argo maintaining responsibility for years prior.
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The Floridian carrier has agreed terms for a new reinsurance treaty that increases its cession rate by eight points to 30.5%.
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Ada Capital will underwrite on behalf of new special purpose insurer Ada Re.
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Retro deals make up a third of this year's volumes, versus a quarter in 2019.
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The territory has been relatively untouched by outbreaks of the virus so far.
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The carrier said its new EUR750mn funds from Covea would help to reduce financing costs.
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This third payment will be the largest yet received by Central American country.
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The move comes days after Artex announced the hire of his brother Adrian.
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Lavant is seeking at least $600m ahead of a proposed launch in January.
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The Bermudian start-up carrier has identified a team that includes Tristan McDonald as well as another Hamilton alumni Stuart Quinlan.
