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The protection covers the US insurance book for the 2024 and prior accident years. -
Bill Bouvier has spent more than three years at the legacy firm in this role.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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Peter Vogt will act as a strategic advisor at Axis until the end of 2026.
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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.
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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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Syndicate 609 will cede net loss reserves of approximately $196mn.
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The carrier tapped the run-off market in Q4 for a US casualty insurance-focused portfolio.
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