The Ticker

This program manager hires Grace Meek as president of Accredited America. She joins from Homesite Underwriting Managers. 

Forms Trouvaille Re, an insurance sidecar providing collateralized reinsurance for AmRisc’s coastal commercial E&S property. Has raised $325 million in underwriting capital. 

New marine hull consortium at Lloyd’s with Munich Re Syndicate and Tokio Marine HCC International offers builders risk lead line capacity of up to $75 million per vessel. 

Hires Gregg Holtmeier as VP of strategic development to work with M&A, corporate alliances, and partnership relationships teams. He previously worked at BMS Group, Guy Carpenter, and JLT. >> Subsidiary Applied Surety Underwriters acquiring majority of Argo Surety’s in-force coal, gas, oil, and mining business. 

Receives regulatory approval for Arcadian Risk Capital Insurance Services, a U.S. operating company that will offer E&S products. Biju Joy hired as EVP in the new entity and head of midmarket E&S casualty. 

Promotes Jerome Halgan to president and chief underwriting officer of Arch Reinsurance Group. He will keep role as CEO of Arch Re Ltd. Promotes Lester Pun to COO of Arch Reinsurance Group. >> Agrees to buy Allianz Global Corporate & Specialty’s U.S. MidCorp and Entertainment business for $450 million. About 500 Allianz employees will move to Arch. 

Rolls out commercial auto program for construction-related accounts in California. Target premium: $2,500 to $50,000. Seeks 20 power units or less and gross vehicle weight less than 20,000 pounds.

Promotes Sarah Stanford to CEO of Aspen UK. Her old role as active underwriter for Lloyd’s Syndicate 4711 assumed by Dan Osman, who remains chief underwriting officer for Aspen Insurance UK. 

Enters Lloyd’s market with purchase of Probitas Holdings (Bermuda). Includes Lloyd’s managing agent Probitas Managing Agency. Probitas’s management team to stay on in deal. 

Promotes Neil Cole to global chief underwriting officer for marine.