Ark
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The MGA had initially lined up Beazley to replace long-term leader Ark, but brokers failed to secure follow capacity. -
CEO Manning Rountree says its new Lloyd’s investment “hit the ground running” at the renewals.
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The new Bermuda venture launched at the beginning of the year as part of the business’s scale-up.
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Ex-Ariel CFO Angus Ayliffe becomes the latest member to join the team, which Jeff Clements will lead.
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Reardon, Dudek and Roberts are all set to be reunited with former colleagues including Jeff Clements.
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Ark's post-Covid fundraising is more than just a PE story.
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The insurance holding company sold out of its P&C balance sheet assets in 2015 and 2017.
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The Lloyd’s business is looking to raise $800mn of new equity and $200mn of debt.
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Ark founder David Foreman is due to retire from the role at year end.
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The money would support the upgrade of the carrier’s Bermuda arm to a Class 4 reinsurer, as well as expansion at Lloyd’s.
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Other significant reductions in this publication’s running SBF approval tally include Aspen 4711, Markel 3000 and Hiscox 33.
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