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The original cedant is a French P&C, motor and D&O specialist.
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The private equity house holds a majority stake in the business and invested five years ago.
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Alan Barlow starts effective immediately and will split his time between London and Malta.
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Former Allianz CFO Dieter Wemmer joins the run-off acquirer as chairman.
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Reserves in scope have not been finalised, but sources estimated the figure to be in the low hundreds of millions of dollars.
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R&Q M&A chief Corver forecasts further transactions in coming days as demand for legacy solutions rises.
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The deal for Inceptum, Vibe’s UK and European legacy unit, follows the closure of Syndicate 5678.
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Elliott Goss will become the group’s head of claims from 17 August and be based in London.
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The deal sets an exit plan for Stone Point from the Bermuda group’s North Bay entity if that business isn’t reorganised by year-end.
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The LPT could help make the E&S writer a more attractive takeover target.
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The January agreement remains subject to regulatory approval.
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The MGA had established the PCC as a way to align underwriting interests with its paper providers.