Darag

Till Mathis Wagner is leaving Guy Carpenter, where he was managing director of strategic advisory Europe.

The pair have permission to undertake a Part VII transfer.

The company expects to announce another similarly sized deal soon, and the rest of the year’s pipeline is “beyond expectations”.

Research from this publication exposed a dearth of female leadership in the Lloyd’s market.

The latest financial condition report for Darag Bermuda shows a $69.0mn loss after tax for 2021.

The legacy carrier’s GWP of EUR28.5mn was less than half that of the prior year.

As part of the changes, North America CEO Dan Linton – who operates out of Bermuda – is to leave the company, while around half a dozen employees will be made redundant.

The incoming executive spent 16 years at Beazley, most recently as CRO and executive director.

Legacy acquirer Darag has entered into a Stock Purchase Agreement and received the relevant regulatory approval for the purchase of a Texas-based insurer in run-off.

The transaction includes CTI’s business underwritten in the Republic of Ireland, the Netherlands, Belgium and Denmark.

Andrew Hill had served as group COO at the legacy specialist since 2019.

Matthias Hahne joins as head of risk management for Europe, while Martial Hille joins as senior risk manager.