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Richard Winborn joins as president, while Patrick Mitchell takes on the COO role. -
The MGA secured backing from buyout heavyweight KKR in March 2021.
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The firm said the UK hub demonstrates its commitment to expanding in Europe.
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In March, Insurance Insider US revealed that Arden had retained Dowling Hales to find an investor.
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The MGU also announced a string of promotions to leadership, including RWI CUOs and a new head of Europe.
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The AIG and Stone Point-owned MGU will also look to move up-market, increase its weighting to E&S and add third-party paper.
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Castel founder Mark Birrell will take the role of executive chairman.
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The hybrid fronting carrier was launched last year and is led by Talbot alumnus Sam Reeder.
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The deal follows Bishop Street’s acquisition of Ethos’ TL operations from Ascot.
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The distribution channel has sustained growth and resilience globally.
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Sources said that the underwriter has been working with Houlihan Lokey to find a potential backer.
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The executive will focus on securing reinsurance capacity for new programs.
