M&A

Former Aon Benfield Securities managing director Scott Maries has joined JP Morgan's New York office to expand the bank's non-life (re)insurance business, sister publication The Insurance Insider reported yesterday (28 January)

Goldman Sachs confirmed it is considering selling a majority stake in its reinsurance business, after sister publication The Insurance Insider reported that it was looking to sell to wealthy individuals through a private placement

The Bermudian (re)insurer Endurance's acquisition of the assets of Galileo Weather Risk Management demonstrates the weather market's maturity, according to Galileo co-founder Martin Malinow.

Transatlantic Holdings has invested in Bermudian ILS fund manager Pillar nearly a year after selling down its stake in the company then known as Juniperus.

AJ Gallagher has bought the boutique London-based reinsurance broker Execution Re from its Portuguese parent, Banco Espirito Santo, sister publication The Insurance Insider reported.

Chris McKeown, the former head of hedge fund-backed New Castle and CIG Re, is returning to the convergence market as CEO at Bermudian fund manager Juniperus, Trading Risk understands.

Former Climate Exchange CEO Neil Eckert is moving closer to a deal to buy back the trading rights to the Ifex catastrophe-linked derivatives in time for trading during the 2012 wind season, Trading Risk understands

Insurance-specialist private equity investor Aquiline Capital Partners has bought out the existing shareholders of Bermuda-based catastrophe investment manager Juniperus Capital Ltd (JCL), Trading Risk can reveal.

Goldman Sachs-owned Rothesay Life will buy pensions insurer Paternoster for an undisclosed sum, further increasing the firm's scope in the longevity sector.