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The Bermudian said it anticipates closing the deal “as soon as possible”.
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The island had been “grey listed” in December 2017.
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The partner’s pricey, scaled-down reserves deal leaves questions about the impact on Maiden’s capital unanswered.
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Argo highlighted its “qualified and engaged” board of directors on the heels of criticism from Voce.
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Markets responded negatively to the reinsurer’s disappointing Q4 results. -
The activist investor takes aim at CEO Mark Watson and prepares to name four new independent director candidates.
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Aside from the noise around elevated catastrophes and lacklustre renewals, Q4 underlying loss ratios continued to rise.
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A sharply declining loss ratio leads to a 25.7-point improvement in the unit's combined ratio.
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Rates softened slightly as buyers returned to the market.
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Watford Re’s IPO will test the market’s appetite for a new generation of total return reinsurers.
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There will be a reduction in the amount of third party capital in the industry this year, O’Donnell told analysts.
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The losses are primarily related to Hurricane Michael, the Camp and Woolsey wildfires in California and the December hailstorm in Australia.
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