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Ghosh will work closely with CEO Ken Pierce to develop the two-year-old platform.
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Buyers are looking to protect against a mid-sized loss, although trades are not believed to have taken place yet.
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The Australian carrier exhausted its Orchard Re cat bond.
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In an environment of global financial volatility, the coronavirus has brought both opportunities and challenges to the ILS market, writes Fiona Robertson. -
The departure comes after a 21% contraction in GWP at the unit in H1.
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Ex-Novae deputy CUO to become active underwriter at Syndicate 2358.
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The January agreement remains subject to regulatory approval.
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Cat programmes have been completed this year, but a heavy hurricane season could shake up the market, the broker said.
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The former RenRe third-party capital chief joins the Bermudian ILS firm.
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Two ILS leaders are working on a new launch with strategic broker and reinsurer alliances in place, sister title Trading Risk revealed.
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The two-tranche deal will provide US storm and Canadian quake cover.
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Syndicate 2358 will write specialty risks, an expansion from the Markel-owned platform's historic focus on property catastrophe.
