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The acquisition will position Ageas as one of the top three UK personal lines insurers. -
It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
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Current specie head Victoria Bell is leaving Argenta to join Axis.
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Plus, the latest people moves and all the top news of the week.
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TMK is the largest insurer of aviation risks at Lloyd’s by gross written premium.
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European reinsurers, London market carriers and composites all enjoyed healthy trading.
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The carrier launched with the aim of writing $300mn of business this year.
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Erik Manning is joining the business from BMS as head of ceded reinsurance.
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Storms in the UK and Ireland drove losses in the commercial segment.
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Aegis 1225 jumped from fifth place last year to become the most profitable syndicate of the last decade.
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The book of business comprises both personal and commercial lines.
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The announcement spurred a quick spike in stock market valuations.
