Bermuda
-
-
Legacy acquirer Darag has agreed to buy SunPoint Holdings, the legacy business founded by Fosun in 2017. -
The division had been led by group CEO Kevin O’Donnell on an interim basis following Aditya Dutt’s departure.
-
The former global energy CUO takes on the newly created role effective immediately.
-
Former senior Verizon executive Michael Millegan has also become a director.
-
The merged entity will also look to focus on higher margin lines and invest in InsurTech.
-
The company added 18 programs to its roster, taking the total of active programs to 48.
-
Argo is looking to redeploy capital from reinsurance and into high growth US E&S.
-
The company benefited from improved underlying results, premium growth at its US operations, and a much smaller reserve hit.
-
The Bermudian expects pricing momentum to continue this year.
-
The CEO said his company would be going on offense to accelerate book value growth while strong market conditions lasted.
-
The CEO says the carrier deployed most of the $340mn raised in June at the 1 January renewals.
Most Recent
-
Ex-MS Re’s Phelan set to land at Gallagher Re
19 June 2025 -
Daily Digest: Top news from 19 June
19 June 2025 -
Ascot appoints Brewer, Flanagan and Sewell to board
19 June 2025 -
Allianz to cut 650 jobs at UK subsidiary
19 June 2025