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K2’s CUO Parth Patel will serve as the SPA’s active underwriter as it was granted permission to underwrite for 1.1. -
The fund has signed up Oliver Hemsley and Peter Montanaro to its board.
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The facility has expanded to cover construction and renewable energy risks.
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The company said the move was a key part of its risk-diversification strategy.
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The CEO is looking to bring in external capital to support a new independent syndicate.
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A roundup of all the news you need, including our exclusive on an Acrisure spin-out.
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Howard Hughes Holdings agreed to buy the carrier for $2.1bn.
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Savannah Thompson resigned from TFP, where she had been since 2017.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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According to S&P, the carrier’s outlook is “stable”.
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The market is conceding some ground on wordings, after a tightening of conditions post-Ukraine.
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