Aspen
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Industry observers always eagerly seize on the full proxy documents relating to public company deals.
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The company’s pending sale to Apollo could mean Wall Street estimates are somewhat stale, and make a “miss” less meaningful.
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A quartet of companies were in the final running to acquire Aspen Insurance Holdings, with Apollo ultimately winning out.
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Reinsurers now have fresh impetus to argue for flat renewals at 1 January. -
Reith's Lloyd's business is set to bring former Aspen underwriter Martin Jackson on board to write the book.
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The Aspen story is a microcosm of what has happened to the global wholesale, specialty and reinsurance world of the past pricing cycle.
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O’Kane, who is to be replaced by Mark Cloutier, says the reinsurer's new owners have no plans to change other senior management.
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The former Brit CEO will return to the Apollo stable on completion of the $2.6bn deal.
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Tillett is the second senior underwriter from Axis’ original cyber team to leave the firm in recent weeks, after Neil Arklie joined Aviva.
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The Bermuda reinsurance vehicle is set to co-invest alongside Catalina in major UK legacy deal with Zurich.
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The Insider 50 contracted marginally last week as most companies in the index stagnated
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Rory Kane has also been promoted to deputy principal officer.
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