The 'largest ever unitranche financing' will be used to support Ardonagh's business expansion plans.
The new partnership is expected to result in multiple programme enhancements to APU offerings.
The company says it is working diligently to maximize its capital position for all shareholders.
Weston implements capital restructuring plan to improve group balance sheet strength.
The insurer has named new deputy general counsel and senior counsel.
The acquired insurance agency reports $8 million in annualised revenues.
The appointee is currently the chief executive of London Stock Exchange (LSE).
Phoenix Group acquired UK-based closed life book business ReAssure from Swiss Re.
The investment portfolio will be concentrated in the US and European markets.
The executive was most recently head of claims at AXA Corporate Solutions in Germany.