In the verdict, the jury cleared RMC Group, owned by Raymond Ankner, from penalties under Internal Revenue Code Section 6700, which governs the promotion of abusive tax shelters.
Following the rebranding of its broking operations in October 2023, Howden aims to express its collective expertise in the reinsurance business through a single identity.
The consortium will initially offer a maximum line of US$40 million, led by Antares with a 75 per cent share.
The new platform will help clients globally monitor their assets and navigate complex and interconnected risks.
Global reinsurer capital increased by 17 per cent to US$670 billion in 2023.
Lee will lead Canopius’s APAC business units across Singapore and Australia, taking over from Mark Newman, who recently moved to become UK CEO in London.
Wilkens will lead the operation of Munich Re’s non-life reinsurance business in Canada.
Geddes’s former role as head of property and allied lines for MS Amlin will be filled internally by Simon Morgan.
