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The A&H market had improved performance between 2020 and 2023. -
The carrier said an active hurricane season and a global cyber event had not altered its full-year guidance.
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The carrier increased insurance revenue by 16.8% to $1.3bn year on year.
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Losses were attributed to the Taiwan earthquake and flooding in Middle East and Europe.
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The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.
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The business is being marketed off around £15mn Ebitda, sources said.
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Antares recently announced a restructure of its international entities including the launch of a UK company platform.
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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
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Nicola Gaisford joined RiverStone from R&Q last year.
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It is understood the increase is mainly due to a new professional lines team.
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Steve Jolley has held several CIO roles, including at Ardonagh Specialty, Price Forbes and JLT Group.
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The acquisition will expand Allianz Direct further into the B2B2C segment.
