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Miller said the purchase would be its most significant since returning to independence in 2021.
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Parker has worked at Ardonagh-owned Paragon since 2012.
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Parker headed up the special risks division.
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Gay has spent more than two years at Mosaic, having joined in November 2022.
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The council has begun gathering data to assess the insurance impact.
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Aon saw lower rates in reinsurance as capacity outstripped demand.
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The company’s reinsurance business also has some exposure, the executive said.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
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Jason Hart, head of proactive cyber, was also promoted to managing director.
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President Andersen said he was optimistic about the 2025 reinsurance market.
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Earlier this month this publication revealed Howden’s $2bn+ fundraising talks with Mubadala to fund a US deal.