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Francine has been the eighth Category 2 or larger storm to make landfall in Louisiana since 2000. -
The company sees the surety market as a ‘highly attractive’ segment
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The move comes just days after the Warren Buffett-controlled conglomerate reached the $1tn market cap mark for the first time.
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Altas joins current investors Carlyle and Stone Point Capital.
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The executive spent 18 years in various finance roles at Arch.
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Former Artex managing director Jasmine DeSilva will run the segment.
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The storm is expected to weaken to a post-tropical cyclone later tonight.
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The storm is expected to make landfall in the next several hours.
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Westaim reported roughly $79mn in net proceeds from the sale.
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The executive previously spent over 11 years at Captive Resources.
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The insurer said Dellwood’s "spin" isn’t enough to dismiss the litigation.
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A quick roundup of today’s need-to-know news, including Hurricane Francine and August CPI figures.
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