But emerging markets also offer further ‘exciting’ growth as reinsurer restructures for ‘fast-growth markets’.
Enstar has revised its offer to $34.50 per share and threatened legal action over the Arch deal.
The managing general agent has hired a new chief underwriting officer from Liberty Specialty Markets.
The group wants to streamline its operations to focus exclusively on legacy solutions.
Risk modeler RMS expects most insured losses to be from residential lines.
Higgins was named acting CEO of Suncorp New Zealand in July 2020.
The deal is expected to improve the group's Solvency II ratio by 2 percentage points in the fourth quarter.
The reinsurer has made key underwriting hires from TransRe and Safety National Re.
The transaction marks the first transfer to occur in the US since the IBT Act went into effect on November 1, 2018.
The executive was most recently FI and commercial PI underwriting manager for AIG in Europe.