MENA
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Group CEO Tavaziva Madzinga said it might explore Lloyd’s Names backing in the future. -
The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The fund apparently plans to purchase life insurance policies as investments.
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Trevor Oates will be responsible for ceded reinsurance purchasing.
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ASR launched Syndicate 2454 at Lloyd’s last year.
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Seven team members are set to exit, including team lead Cooke.
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It is understood that supporters include Munich Re and Brit.
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The broker will report to EMEA property fac head Connor Halliday.
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There has been increased W&I appetite in South American jurisdictions.
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Achieving profitability is increasingly challenging in the volatile but historically lucrative market.
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