Bermuda
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The carrier has renewed and extended its capacity arrangement with the MGA. -
Improved performance and growing investment returns played a role in the upgrade.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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The company will continue its capacity partnership with the MGA until 2030.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The move comes as the broker rebuilds its Bermuda team.
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The Bermuda reinsurer has been active in ILS since launching in 2007.
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Alessa Quane will report to Sompo P&C CEO James Shea.
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The deal marks the latest step in Catalina’s shift from P&C to life run-off.
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Vantage Group Holdings received a BBB- long-term issuer credit rating.
