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The appointments will give the new MGA a footprint in three markets. -
Enstar has tabled a bid of $31 per share to takeover hedge fund (re)insurer Watford Re.
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The work finalises a restructure spearheaded by former Travelers executive Beth Boucher.
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The underwriters join from Gallagher, Chubb and Starr as Axis experiences increased product demand.
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The per-share price is a 35% premium to yesterday’s close.
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The Bermuda carrier will be an initial investor in Griffin Highline.
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US CEO Paul Brockman will be promoted to group chief claims officer as part of the changes.
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The former Liberty executive’s long-term ambition is to build a tech-enabled, London-based risk carrier to align with the Future at Lloyd’s vision.
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Marine liability class underwriter Andreas Muller has also been put under consultation as Syndicate 1200 continues a strategic review.
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Watford is reportedly evaluating a bid from Arch amid heightened pressure from shareholders to pursue strategic alternatives.
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The carrier's Ada Re vehicle will join its Turing Re sidecar, but its capacity is not known.
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The creation of the vehicle reflects the hedge fund reinsurer's respositioning as a specialty carrier.
