Bermuda
-
The transaction has now received regulatory approval and has closed.
-
-
-
The launch follows the carrier’s decision earlier this year to put CatCo into run-off.
-
Andrew Barnard will serve as CEO of new ILS platform Lodgepine with two colleagues taking on investment management roles.
-
The executive left Aeolus last year having been with the fund manager since 2009.
-
The executive was responding to questions over $26.4mn of reserve strengthening carried out by the insurer in the second quarter of the year.
-
The (re)insurance industry has some catching up to do with the wider pace of technological change in the financial services sector.
-
The executive said the carrier is moving towards “balance between underwriting and investment”.
-
The company has created a new management committee as it refocuses on disciplined underwriting.
-
Kiernan's departure brings to an end his 13 year stint with the company. -
The acquisition will allow the business to expand both its insurance and reinsurance operations, CEO Pina Albo said.
