Informa Insurance News 24
ARDONAGH TO LAUNCH REINSURANCE UNIT INVER RE
Ardonagh Group is to launch a reinsurance unit called Inver Re following the closure of its acquisition of Corant Global. The new business will comprise the reinsurance operations of Ed and Besso, which Ardonagh is acquiring a part of the Corant deal. Inver Re “will draw upon the deep pool of expertise of the combined businesses”, Ardonagh said. It added Inver Re “will take a consultative, bespoke approach” and use “a combination of traditional actuarial methods and sophisticated data science to provide new levels of insight and analysis”. Ardonagh is aiming to build Inver Re into a “top five global player” in the reinsurance broking sector. In May Ardonagh announced it plans to acquire Corant, the insurance operations of BGC Partners, for $500m.