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The Lloyd’s legacy business has been placed up for sale, along with other units.
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The outlook for M&A activity is brighter after 2023 returns.
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Arm is based in Guernsey and has a Bermudan management licence.
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The newly launched Marco Re will be led by Mark Elliott as CEO.
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A non-binding term sheet was signed on October 6, whereby the buyer will acquire 100% of Interboro’s issued and outstanding securities in exchange for cash.
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BCCL will be rebranded to Nascent Advisory Services Ltd as part of the transaction.
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The private equity firm is targeting $1trn in assets under management for the combined segment.
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Frontier’s employees, including director and co-founder Peter Brodsky and CEO Derek Winch, will remain in their current roles.
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The two parametric businesses will be brought together as the UK and German governments sell out.
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The vehicle will focus on middle-market transactions in the US and Europe across the insurance value chain.
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The firm has moved to defend its plans against a rival strategy supported by a small group of investors.