Carrier

The trio are among seven further senior staff now known to be under consultation as the Arch integration continues.

The Hiscox CEO calls the progress the market has made on digitisation “unimaginable”.

The cash-and-stock transaction values the closed life group at the top end of the range implied in an abortive IPO.

The Japanese carrier plans a Part VII transfer for reinsurance business administered through its UK branch.

The legacy carrier is in line to seal RITC deals following the closure of its acquisition of CTMA and Syndicate 1884.

The manager will continue part time in an executive role advising on claims and reinsurance for group legacy companies.

Sources said around 15 to 20 staff are set to leave the business following completion of the takeover last week.

The Ed and Besso owner is developing a new platform spearheaded by Jonathan Prinn.

London carriers held their position at the top of the index for the second consecutive week.

The stock falls further on Monday after losing almost a fifth of its value in the past year.

The Japanese carrier is aiming for “steady organic growth” within international specialty but will consider acquisitions.