Program/MGU
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The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
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House Bill 672 will take effect on August 1.
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The news follows a string of deals that the stop-loss segment has seen in recent months.
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Romel Salam, former Validus Re CRO, will also join Solis as an advisor.
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US Assure has been exploring a potential sale through a narrow process run by Dowling Hales.
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Markel executive Alan Rodrigues will lead the unit.
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The Irish MGA will be able to underwrite commercial property risk up to EUR10mn.
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The operation will be led by Stephen Saunders, with Jawad Ghunaim from AIG as CUO.
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SiriusPoint becomes sole carrier partner for Euclid’s liability program.
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The transaction with Enstar covers $234mn of net Accredited reserves.
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The lineslip will focus on coverage for the energy transition space.