The re/insurer has appointed new global CUOs of aerospace and aviation.
The company plans to diversify into non-motor lines with backing of A-rated reinsurance.
The executive has previously held a number of underwriting positions at Beazley and AIG.
“Cyber threats are now growing faster than our ability to prevent and manage them effectively.”
He has two decades of experience in financial lines broking in the London market and Middle East.
The deal provides an attractive growth opportunity for Enstar while significantly improving Aspen’s balance sheet.
The reinsurer wants to consolidate its presence in the Vietnamese and neighbouring markets.
It is launched by Fidelis Insurance’ specialist MGA platform Pine Walk Capital.
The new hires join the broker from XL Catlin, AmTrust and Willis Towers Watson.
Reinsurer warns extreme weather has become more likely; don’t overlook other categories of natural disasters.