Legacy
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The executive replaces interim CEO Paul Brockman, who remains group COO.
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Acquirers are increasingly discerning around deals, according to a report.
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Plus the latest people moves and all the top news of the week.
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Enstar will provide $430mn of excess cover over ~$1.7bn of underlying reserves.
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Some 39% of respondents expect deal volumes to increase in the next 12 months.
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The transaction is conditional to the completion of the sale of shares in Accredited to Onex.
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The liquidation will let the company sell its Accredited arm to Onex via an alternative transfer structure.
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With topco liquidation looming, there are questions for R&Q and the wider market.
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The Canadian PE house is delaying close and seeking to renegotiate aspects of the deal.
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The deal will see Darag manage open claims relating to the runoff of Unipol Re.
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The CEO also discussed the need for portfolio diversification.
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