Legacy
-
The agreement from Fleming to honour original terms still leaves it open to long-term damage.
-
Increasingly, deals are being brought to market but not transacted on.
-
R&Q Legacy will book adverse development of ~23% of net reserves for the year.
-
The market is shifting towards capital relief, with fewer, larger deals.
-
The company is still working to get debt holder approval for the Accredited deal.
-
Mitha joined Compre in 2022 as chief actuary, North America.
-
Fleming has claimed breach of contract and is seeking roughly $78mn in “economic concessions”.
-
The company reiterated its commitment to consummating the Accredited sale.
-
The Marco Capital company will target the captives market.
-
Its PE owners have been exploring strategic options since May last year.
-
The newly launched Marco Re will be led by Mark Elliott as CEO.
-
Most Recent
-
Markel promotes Gordge to head of terrorism in London
18 April 2024 -
Aegis launches first dedicated cyber team since 2015
18 April 2024 -
Munich Re reshuffles APAC, MEA leadership teams
18 April 2024 -
Convex books first net profit of $503.2mn for 2023
18 April 2024 -
Marine war tensions growing with Iran seizure of tanker
17 April 2024 -
Allianz Commercial promotes Soja to lead global marine
17 April 2024