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A deal would mark Amwins’ second LatAm sale, after Lockton acquired THB Brazil last May. -
The placement follows the launch of a carbon capture and storage facility in January.
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Torrential rain caused flash floods in the Gulf States in the middle of April.
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Paul Hipson will take responsibility for the existing London broking team.
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Rob Littlemore was previously CEO of Axa XL global market reinsurance.
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The $357mn programme consists of four transactions, including a $50mn facility brokered by Aon.
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Morgan Stanley has been retained to assist with the disposal of the 30% stake.
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The former Aon and Argenta executive will take up a Lloyd’s capital role.
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The broker noted a shift towards alternative risk solutions in the MENA region.
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The broker said there was an opportunity to take advantage of competition to improve outcomes for clients.
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The proceeds will fund AUB’s acquisition of Pacific Indemnity.
