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The private equity firm buys a minority stake in the motor MGA.
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The program manager and legacy transactions company forges an alliance with Kitsune.
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The pair will underwrite upstream and downstream energy risks.
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CPD is a UK-based MGA that writes private motor and household cover.
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The £31mn deal includes MGA Geo Underwriting.
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The property underwriter joins former Argo colleague Neil Chapman at the firm.
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The former banker has left the managing agent and will carry out consultancy work in the New Year.
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Liberty Luxembourg is lined up to lead the vehicle, which will target SMEs in Europe and the US. -
The Axis chief joins Guy Carpenter’s Carter on the council.
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The partnership follows previous deals between the start-up and Hiscox and QBE.
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The binder will target the mid-market residential and retail business.
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He will continue to underwrite for the German MGA from Markel’s London office.
