Program/MGU
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The acquisition marks Bishop Street’s entry into commercial lines. -
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The underwriting units produced revenue of $11mn in the year to June 30.
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Negotiations come after Insurance Insider US revealed that the Bermudian was running an auction.
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Deal sizes also remain high, with EVs in July averaging over $440mn.
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The company still has ambitions to sell the business.
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Mexico City-based Ant was founded in 2019 by Alejandro Cabrera.
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The Houston, Texas-based program manager will join Ryan Specialty’s healthcare MGU Sapphire Blue.
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Previously, Fishl held underwriting roles with Munich Re and Chubb.
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The consortium backing the MGA is led by Axa XL Syndicate 2003.
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Ascot will evaluate other options for its ~$140mn-premium transactional liability unit.
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The executive will report to London-based BMS director Alex Shephard.
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