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Sources said the Bermuda carrier has been working with Jefferies on the sale. -
The announcement confirms earlier reports from this publication.
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The business will leverage technology from Clearwater Dynamics.
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Sources believe Lloyd’s may be veering away from central DA systems.
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The facility will target operators across the US, onshore and offshore.
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The growth was spread across all classes of business, sources said.
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The executive left OdysseyRe last August, as this publication revealed at the time.
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The MGA previously hired Sara Valentine from Brit to launch in energy.
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The team will be led by Alejandra Hernandez Irizarry and Courtney Alonzo.
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Sources said the initiative includes former Ambridge executive MD Jeff Doran.
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The binder has a line size of $2mn and will enable the MGA to write international property risks in a number of international territories.
