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The broker said it did not anticipate a slew of new entrants, with the possible exception of casualty start-ups. -
Sébastien Bamsey joins from JP Morgan, where he has worked for 18 years.
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Schmidt will lead Markel's Global Strategy team and work with Nephila.
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Park assumed the role earlier this month.
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Evercore is leading the capital raise process and Aon is assisting with the Lloyd’s application process.
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State National has been lined up to front for the vehicle, which would be a rare example of third-party capital in this space.
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The Florida portion of the program provides $1bn in protection.
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Concerning hurricane forecasts are among the factors driving tighter reinsurer capacity.
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The program includes all perils coverage and third-event protection.
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The former Everest executive will look to roll out a range of new product lines at the MGA.
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The firm’s AuM was down 17% on $1.8bn as of 31 December.
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Performance fees soared by 605% to $27.5mn from $3.9mn in Q1 2023.
