Aspen

The portfolio is understood to include a range of airline and hull deductible risks.

The CEO hinted at deal timeline on conference call where he gave relatively little else away.

This publication understands Aspen will either look to strike renewal rights deals on the aviation, marine hull and international professional indemnity books, or put them into run-off.

The seller’s board has also refused to grant exclusivity to the investment firm as hopes of a 1 August deal fade.

Senior underwriter Fergus Fergusson will take over following the departure of Donnacha Smyth to XL Catlin.

Aspen has lost more underwriters as members of its Bermuda FinPro team jump ship.

The market curtailed its projections as carriers failed to secure sought-after rate rises.

The Bermudian lost six underwriters and a claims specialist last week.

Ed Beckwith has held the role since August 2015.

Richard Rudden, Tom Gaughan and Hannah Sutton have resigned from the insurer.

MGM lawsuit against shooting victims asserts exemption under anti-terror act.

Gary O’Sullivan, Matt Gough and Keith Bryant resigned from Aspen last week, this publication can reveal.