Bermuda
-
Group CEO Juan Andrade will assume oversight of the expanding insurance arm. -
The move follows repeated years of underwriting losses for Syndicate 5151.
-
The carrier notes that only 10,000 of UK SME clients with BI cover have been hit by the Covid-19 lockdown.
-
Alex Poracchia was previously a partner at Deloitte UK.
-
The total-return reinsurer called off its sales process yesterday and announced a buyback.
-
Shares in the total return reinsurer traded up 3 percent after the news.
-
The Bermuda company says its ADC deal with Enstar is bearing fruit.
-
The likeliest bidders remain legacy firms such as Premia, Catalina and Enstar.
-
The former CEO has instructed his lawyers to dispute what the company believes he should repay.
-
The carrier has also appointed Kevin Chidwick as group CFO.
-
The Bermudian platform sources casualty reinsurance deals for hedge funds.
-
The executive talks over the landscape for the reinsurer as work to close the $9bn disposal by Exor continues.
