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Chris Jones, Will Shepherd-Barron and David Clark will join the start-up. -
Allianz has previously entered several capacity arrangements with the MGA.
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The facility will provide capacity from a tracker unit, as well as quotes using Ki technology.
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Losses stemmed from ex-Tropical Cyclone Alfred and North Queensland flooding.
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Overall market capacity increased by 5.3% year-on-year, the broker reported.
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Under the proposals, Ardian would become the French broker’s main financial investor.
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The merger is set for April 2027, subject to regulatory approval.
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RBC reports can help regulators identify weakly capitalized companies.
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Owners Apax and Carlyle face critical decisions about the broker consolidator’s future strategy.
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After a two-year delay, more than 100 staff investors will be out of pocket.
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Reported income for the year rose 24% to $1.98bn.
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PartnerRe's $5mn commitment will enable the MGA to expand its D&O line size.
