Legacy
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026. -
It is targeting low-risk specialty lines where it has a competitive edge.
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The carrier also benefitted from favourable reserve development in property and A&H.
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Q2 saw a steady stream of activity in legacy, but volumes dipped slightly from Q1.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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Arturo Pelaez will continue in his managing director role at Brookfield Asset Management.
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The take-private deal was announced in July 2024.
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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.
Related
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Life legacy heavyweight Fortitude Re scales down in P&C
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February 12, 2025