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The insurer will have until Christmas to make a formal offer or withdraw.
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Andrew Draycott is to stay on "for the foreseeable future".
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A spree of new entrants in the cargo market has resulted in recent talent turmoil.
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The Pen Underwriting MGA is expanding from its marine war specialism.
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Tillett succeeds Michela Moro who is returning to Italy, according to Allianz.
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Cyber is more in the one- or two-year loss development camp, the Lloyd’s CUO said.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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Insurance Insider had previously reported the appointment of the two executives.
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The specialty reinsurance space has experienced a recent period of talent churn.
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The facility uses AI technology from Altana.
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Thomas Kroely will initially focus on supporting the broker’s European expansion.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.