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The expansive broker continues to upsize its team in London following the appointment of Dominic Riley.
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Watford is liable for a $18.6mn fee if the Arch deal is terminated.
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Anson Aguiar becomes CUO of the just-launched Pallas Reinsurance.
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Axis, RenRe, Arch and Everest Re trade roughly in line with the S&P 500. -
The Bermudian is adding $10mn-$15mn to its Covid loss estimate as claims climb.
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The reinsurer also cited West Coast wildfires, the August derecho, Hurricane Isaias and Typhoon Maysak as contributing to the total.
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The carrier also says its Q1 Covid-19 loss estimate remains at $235mn.
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The reinsurer dubbed "Vantage" also secures Aurora Swithenbank as CFO.
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The executive was given the honour for services to the economy of Bermuda.
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Ron Bobman has reiterated his opposition to Watford Re’s management and fiercely criticised the deal.
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Both executives will now remain in their posts until December 2023.
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The would-be buyer presses for a non-disclosure agreement with the hedge fund reinsurer to allow due diligence to start.
