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Winds have strengthened to 80 mph, and the hurricane is expected to intensify further over the next 48 hours.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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The vehicle will now cover an E&S program jointly launched with Accredited.
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New sources of capacity lack the expertise to service rapidly developing clients.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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A roundup of all the news you need, including Abbas Juma's departure from Howden.
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The upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
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The company will continue its capacity partnership with the MGA until 2030.
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Susan Langley will look to strengthen global business ties and promote UK growth.
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The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
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Howden’s portion of the US retailer’s premium is in particular focus.
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The underwriter has worked at Hiscox, Lloyd’s, Chubb and Zurich.