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A deal would mark Amwins’ second LatAm sale, after this publication revealed that Lockton acquired THB Brazil last May. -
Ron Gardenier, the current chief MGA at Aon, will be appointed CEO of the newly formed entity.
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In its first year under new ownership and after setting up its own managing agency in 2022, the Lloyd’s syndicate is looking at ways to leverage its infrastructure.
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Mosaic has also added CNA Hardy’s Emily Humphreys to its PV team as part of the deal.
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Additional disclosure following the RenRe acquisition reveals results for both carriers for the nine months to 30 September last year.
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R&Q is still dealing with a Bermudian regulatory review, personnel turnover and a transitioning business model.
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Just over half of votes cast were in favour of the $465mn sale to Onex.
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The Italian carrier will buy out joint venture partner CNPC Capital.
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The broker said there was a “record level of dry powder” waiting to be deployed.
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The legacy carrier has acquired two portfolios of European casualty and motor liabilities from two separate insurance groups.
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This follows a challenging period for business last year.
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Selling investor Zimmer said the deal was concluded at a premium to book value, but no numbers were disclosed.
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