Enstar
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Both StarStone and Atrium make underwriting profits after losses a year earlier.
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The legacy carrier is the first to utilise a recently enacted framework in Oklahoma. -
Ron Bobman has reiterated his opposition to Watford Re’s management and fiercely criticised the deal.
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The would-be buyer presses for a non-disclosure agreement with the hedge fund reinsurer to allow due diligence to start.
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US CEO Paul Brockman will be promoted to group chief claims officer as part of the changes.
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Enstar, R&Q and Riverstone remain as the Willis-run process heads towards its conclusion.
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Watford is reportedly evaluating a bid from Arch amid heightened pressure from shareholders to pursue strategic alternatives.
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Susan Cross becomes an independent director and will serve on the company’s audit and risk committees.
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Start-up acquirer Marco, Enstar, Riverstone and Premia are still in the running for the assets.
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The former Hiscox CUO has $300mn of cornerstone backing from the PE firm to make a deal happen.
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The former AmTrust executive will take over as full CFO at the end of February 2021.
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The agreement, which will leave Enstar with 26% of StarStone US, fulfills a long-term ambition for Stone Point.
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