North America
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John Forney succeeds incumbent GeoVera CEO Kevin Nish.
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Sources predict Lloyd's will be the executive’s first platform, with £200mn a likely target stamp. -
Far Horizons Capital is also suing JP Morgan for misrepresenting the reinsurer’s prospects when it was founded.
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Sirius’ ownership and governance structure still creates scope for progress to signing to be complicated.
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The senior underwriter will lead a new cargo operation at the carrier, sources say.
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Enstar will remain a minority investor, with PE capital also drawn from Dragoneer and SkyKnight.
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CEO Macia said the closure was "not a criticism of our technology, team or mission".
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Strikes, riots and civil commotion wordings in US property policies leave both the US and London markets open to potentially significant losses.
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The move is the latest among large private equity houses to consolidate programmes and leverage buying power.
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Members will work with the existing integration leadership team.
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Cedant buys a cat programme excess $550mn, but also has significant inuring reinsurance.
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The Exor chief reaffirms his long-term commitment to the reinsurer in an internal memo.
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