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Charles Craigs will oversee Ascot’s sidecar and other third-party capital vehicles.
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The carrier had initially offered a spread of 700-750bps.
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This follows the broker's rebrand in October last year.
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Juniper Re Bermuda received preliminary approval from the BMA last month.
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ILS returns in 2023 sparked a flurry of enquiries from hedge funds.
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This is up from the recent increase to $1.2bn.
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Reinsurers have a "strong desire" for growth, but not at the expense of underwriting.
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The announcement confirms earlier reports from this publication.
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Fee income was up by 30% year-over-year to $136mn in 2023.
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This came as the broker earmarked “material softening” of minimum traditional rates on line.
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Proceeds from the sale will be used to fund sustainable development projects.