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The recruit is expected to take on a role at the WTW/Bain Capital start-up after sitting out a year of gardening leave.
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The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
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Reinsurers are pushing for cat signings and hoping the new pricing floor will hold.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The carrier acquired the motor insurer in September last year.
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Carrier M&A will continue to be a feature, as pressure for returns on AI investment ramps up.
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Ashleigh Edwards will report to group CUO Mark Pepper.
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Reinsurers’ average RoE was 16% as of September 2025.
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Silies joined Sompo in 2022 as head of marine and energy.
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Canopius relinquished its lead on the placement in the run-up to the 1 January renewal.
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Insurance Insider looks at key drivers of supply-demand dynamics in global specialty markets.
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The president and CEO will also be eligible for up to $50mn in shares.
