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Rate increases have accelerated further after major losses in 2023. -
Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.
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The Australian carrier has a full-year natural peril budget of A$1.09bn.
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The carrier issued notice of cancellation on certain war risks on Monday.
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The carrier added casualty reserves of more than $500mn during Q4.
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Head of FI Samantha Shean is leaving Axis to join Aviva.
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Plus all the latest executive moves and the top news of the week.
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The MGA previously hired Sara Valentine from Brit to launch in energy.
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Insurance Insider reported last year that the facility was relaunching.
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The senior energy underwriter exited amid a strategic pivot at the MGA.
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Underwriters are pushing for rate rises, but competition is increasing.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
