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The facility now includes CyXS Plus and CyXS Company. -
The group is expecting to announce more M&A deals this year.
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Lloyd’s has been likened to a “toothless tiger” in its crackdown efforts.
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Ex-Hannover CEO Jean-Jacques Henchoz exited from the reinsurer at the end of March.
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CEO responsibilities will be shared by Chris Newman and Tanya Krochta.
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Gallagher Re’s global head of retrospective solutions, James Dickerson, recently exited.
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The coverholder’s deal with SiriusPoint expired at 1.4.
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Chris Jones, Will Shepherd-Barron and David Clark will join the start-up.
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Allianz has previously entered several capacity arrangements with the MGA.
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The facility will provide capacity from a tracker unit, as well as quotes using Ki technology.
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