Start-ups
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The former Volante chief is in initial talks with several parties. -
The Bermuda-based team is led by John Fletcher.
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BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
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The Corporation is poised to accelerate its investments in start-ups.
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Trade credit rivals Coface and Awbury are also entering the market.
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Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The retailer’s partners are looking to join forces to secure better deals.
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Assurex Global’s partner firms place $46bn of premium across the world.
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Combating depressed trading on the LSE and a delayed hard market shift has held back the firm.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The fund apparently plans to purchase life insurance policies as investments.
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Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
