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ILS manager Hudson Structured is among the prior owners selling Compre, after buying into the legacy firm in January.
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As part of the deal Pelican Ventures and JC Flowers will provide capital for 2021 onwards, with Argo maintaining responsibility for years prior.
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The tactic comes after the investors had three nominees installed on the risk modeller’s board this week.
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The subsidiary was formed in the summer and is deploying capital from the sale of Maison.
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The three director changes fall short of a proposal by former bidders Senator and Cannae.
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It is expected that the transaction will close in the first quarter of 2021 and that Vault will retain its A- rating from AM Best.
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The exec was speaking after the broker was acquired by Cinven and GIC in a multi-hundred million deal.
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The transaction brings to an end five years of Willis’ majority ownership of the London market broking house.
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The deal continues HSCM's progression into primary markets.
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Ariel Re will focus on key lines of business, including cat, retro, marine and professional lines.
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Southern Fidelity has struggled during a busy 2020 storm season because of its exposure to the Gulf states.
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Former CEO Ryan Mather returns to helm Ariel, and will also oversee underwriting for SPA 6133 under a pact between the acquirers and Apollo.