Bermuda
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The carrier has also promoted Jamie Pedro to head of specialty re, Bermuda. -
Barry Gale has spent almost five years at the broker.
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The 25-year industry veteran will report directly to CEO Adrian Daws.
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The carrier will offer $10mn per risk, targeting large corporations.
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The sidecar has backing from Culpeper Capital Partners, Calidris Investment Partners and Compre.
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Weather events and potential increases in US casualty reserves remain sources of volatility.
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Howard Hughes Holdings agreed to buy the carrier for $2.1bn.
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This was the second issuance completed by Farmers via its Bermuda reinsurance vehicle Topanga Re.
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The company named two execs to head global wholesale and commercial.
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Ackman targets high-teens ROE at Vantage via underwriting gains and equity investing.
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The Carlyle and Hellman & Friedman vehicle will sell for 1.5x book value.
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PoleStar Re Ltd 2026-1 includes three sub-layers, which run for a three-year term.
