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The yacht operation is led by experienced underwriter Paul Miller and both the team and book of business will move across.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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The venture is led by Guillermo Eslava, a former Swiss Re and Brit underwriter who briefly joined Argo in 2019 as head of LatAm casualty.
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The listed investor aims high for the growing MGA despite Covid-19 challenges.
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The 50:50 joint venture will sell automotive and mobility insurance products, starting in France next year.
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The Lloyd’s coverholder writes a variety of professional liability business.
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The executive was previously active underwriter for Everest Syndicate 2786.
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The Hyperion CEO says backing from three institutions plus employee ownership creates “a new financial model”.
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Arch Underwriting at Lloyd’s and Barbican Managing Agency have been brought together.
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The executive will manage the MGA’s new all-risks account, while former Chubb loss adjuster David Adcock becomes aviation claims head.
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The creation of the vehicle reflects the hedge fund reinsurer's respositioning as a specialty carrier.
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The former Verto CEO is fundraising to begin writing as an MGA in 2021.