Compre
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The private equity house holds a majority stake in the business and invested five years ago.
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The January agreement remains subject to regulatory approval. -
The vehicle will give the legacy acquirer easier access to growth markets in North America.
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The executive was responsible for business development and partnership relationships at Darag.
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Discussions are thought to be in the early stages for the venture.
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The carrier is continuing its European expansion following its purchase of two run-off books from Generali.
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Armour, Darag and Fortitude are among the parties linked with the process who are not in the second round.
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Simon Hawkins joined the legacy carrier as COO in July last year.
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Clearance from the Italian regulator marks the final stage of the year-old run-off agreement.
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Simon Hawkins will join the legacy carrier in the third quarter.
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