Start-ups
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The group has been exploring options to enter the market since 2021.
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The LatAm telecoms company buys a sizeable protection triggered by windspeeds.
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The executive had been scoping out a new venture since late 2022, working alongside Bob Cooney on the first iteration.
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The former Aegis London CEO joins former AIG, Marsh McLennan and Ace CEO Brian Duperreault at the start-up.
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The chairman stressed that his new start-up will focus on the liability side of the balance sheet not the asset side – in distinction to the hedge fund re model.
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City of London grandee Martin Gilbert is attached to the project in a non-executive capacity, sources said.
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Nick Tye revealed that Carbon Syndicate 4747’s 2023 plans include an expansion into financial lines.
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Plus all the top news and latest people moves of the week.
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Andrew Lewis has outlined growth plans for Xitus, a niche global legacy firm he has co-founded that will focus on non-life and reinsurance deals of $5mn-$50mn.
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