Operations/tech
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Former MS Amlin CFO Richard Hextall is also set to join Aquiline's Lloyd's business. -
Backing comes from industrial investor Ajay Kumar through his family office.
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Global clients and Bermuda are also in the CUO’s purview as he replaces Peter Röder on the reinsurer’s management board.
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The PE house and the London market wholesaler will submit bids in just over a week.
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The ratings action follows the agreement with Arch Capital to buy the struggling company.
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Co-founders include former Lockton executive Bill Kost.
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Insider Elena Lieskovska will lead a new insurance segment.
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The brokers will work in risk analysis as well as directly placing coverage.
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The start-up counts Westchester, Hiscox and Beazley among its carrier partners.
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The funding round is the latest move in an arms race to reinvent back office functions.
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Former Markel underwriting executive Trevor Carvey will also be part of the leadership team.
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The would-be buyer presses for a non-disclosure agreement with the hedge fund reinsurer to allow due diligence to start.
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