Aspen

O’Kane, who is to be replaced by Mark Cloutier, says the reinsurer's new owners have no plans to change other senior management.

The former Brit CEO will return to the Apollo stable on completion of the $2.6bn deal.

Tillett is the second senior underwriter from Axis’ original cyber team to leave the firm in recent weeks, after Neil Arklie joined Aviva.

The Bermuda reinsurance vehicle is set to co-invest alongside Catalina in major UK legacy deal with Zurich.

The Insider 50 contracted marginally last week as most companies in the index stagnated

Rory Kane has also been promoted to deputy principal officer.

The ratings agency maintains a negative outlook on the (re)insurer following its $2.6bn takeover agreement with Apollo.

S&P has affirmed the financial strength rating on the carrier’s core subs but is maintaining a negative outlook.

The popular BBC motoring programme Top Gear’s special editions see a trio of presenters embark to often inhospitable parts of the globe to complete audacious competitive challenges in budget cars.

Shareholders are likely to support the sale, and the possibility of a challenger bid seems remote.

The share price increased just over 2 percent in New York trading today following news of the $2.6bn deal.

The ceiling is just $10mn more than Aspen’s Q3 cat losses