-
Hampden embarked on a new “intelligent follow” strategy in 2023. -
The reinsurance to close transaction is effective from 1 January 2025.
-
The second half of the year was significantly more active for the legacy market.
-
The restructuring arrangement is designed to protect creditors.
-
Syndicate 609 will cede net loss reserves of approximately $196mn.
-
Augment has been building its staff base after launching with Altamont backing in 2023.
-
The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
-
The reinsurance veteran joins from Artex Risk Solutions.
-
The transaction mostly covers casualty portfolios of 2021 and prior underwriting years.
-
The result was impacted by recent adverse development on a liability portfolio.
-
The transaction has received all required regulatory approvals and closed.
-
The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
