News relating to the Bermuda and international insurance and reinsurance industry.
He said he wanted to contribute to Tremor Technologies’ growth acceleration.
The tech firm has also raised $100m from investors including Liberty Mutual and Starr Insurance.
The specialist in risk-linked investments has also promoted from within.
AXIS Capital Holdings has declared a quarterly dividend of $0.42 per common share payable on April 15, 2021, to shareholders of record at the close of business on March 31, 2021.
The chief executives of all three companies will also join the body’s board.
Arch was the first mortgage insurer to complete a mortgage credit risk transfer in the COVID-19 era.
The move is an important one and could lower re/insurers’ cost of capital.
The formation is part of a strategy by the reinsurer to opens its cat portfolio to investors.
The change is necessary because of Brexit.
Conduit Re holds a Class IV license from the Bermuda Monetary Authority.