Legacy
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The take-private deal was announced in July 2024. -
The exec said the feds have been given data to potentially pursue criminal charges.
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Rachel Bardon will also join the board of Compre's Bermuda-based reinsurer Pallas Re.
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Argo shelved the sale of its Bermudian insurance business in mid-2024.
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The reduction was due to impacts from investments and less favourable PYD.
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Axis is retroceding $2.3bn of reinsurance segment reserves to Enstar.
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The Kelso and Arch-backed run-off player has retained Evercore to advise.
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The legacy carrier reported an operating loss of $45.3mn for the year.
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The business will still look at large non-life deals in particular in-the-money ADCs.
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Dickerson has spent over three years at the reinsurance broker.
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The second half of the year was significantly more active for the legacy market.
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The restructuring arrangement is designed to protect creditors.
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