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Insolvency specialists at Opus Restructuring will work on the liquidation.
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ATC expects to report GWP of almost $45mn in the year ended June.
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David Ross nears a deal which would value one London's largest MGAs at 11x Ebitda. -
David Mercer’s professional indemnity-focused underwriting cell is one of nine in the pipeline for Volante.
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The MGA provides private flood, builders’ risk and lender-placed products to US financial clients.
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The investment bank’s evolution from its start-up days also included setting up a risk unit.
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Tysers’ cargo cover binder will pick up $50mn of the XoL reinsurance policy.
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Rates for financial institutions products renewed flat to up 5 percent in London at 1 July, sources said.
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In further changes at the Hyperion-owned MGA, Apollo CEO David Ibeson becomes chairman.
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Reinsurance returns are pretty much at cyclical lows, with cat returns structurally squeezed and far less responsive to shocks than previously.
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Bruce Carman’s new venture has named Will Gaunt as class underwriter.
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Division will focus on MGAs and programs as well as InsurTech and alternative risks.
