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The executive replaces Mike Warwicker, who left the firm earlier this year. -
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This will allow Ark to write business on surplus line paper and Lloyd’s business.
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The underwriter joined Catlin in 2006.
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The underwriter was part of Probitas’ founding team.
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Both Chubb and Zurich will underwrite the risks, with Nico as the sleeping partner.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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The remediation process is on track for completion in the fourth quarter.
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The CUO described the pricing dynamics in the line as “strong and good”.
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Co-founder and CUO Jacqui Ferrier has been appointed his successor.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The Kelso and Arch-backed run-off player has retained Evercore to advise.
