Ariel
-
The new commingled fund will target investors with $5mn or higher potential investments.
-
The carrier launched the consortium last year in a bid to support the clean energy sector.
-
The consortium will offer up to $50mn of per-program capacity.
-
The syndicate recorded GWP of £705.1mn in 2023.
-
The promotions cover a range of roles from underwriting and accounting to analytics and portfolio management.
-
Sarah Morgan has been with the reinsurer since 2006 and will continue to be based in Bermuda.
-
The carrier becomes the first syndicate to use the new London Bridge structure.
-
The two Lloyd’s players are the first to bring sidecars to market as they seek to capitalise on surging projected returns.
-
Darren Lednor will become managing agent, while Mark Pickett will be active underwriter.
-
The Lloyds-centric reinsurer has become a signatory member of the Standards Board for Alternative Investments.
-
The reinsurer said the deals would enhance its abilities to provide innovative solutions for clients.
-
Shah will be based out of Bermuda, where the firm has incorporated Kettle Re and is preparing to fundraise for a balance sheet carrier.
Most Recent
-
Atrium COO Lee to retire after 22 years
22 October 2024 -
Daily Digest: Top news from 22 October
22 October 2024 -
Introducing the Insurance Insider M&A Deal Tracker
22 October 2024 -
Perils lowers Babet/Aline storm loss estimate 7.5% to EUR639mn
22 October 2024 -
European casualty attracts new reinsurers
22 October 2024 -
European flood loss trends ‘alarming’: Swiss Re
22 October 2024