StarStone Underwriting News

New Insurance Group Inigo Gets Approval from Lloyd’s to Start Underwriting in January

Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the Corporation of Lloyd’s and will start underwriting for …

New Insurance Group Inigo Raises $800M of Capital; Founded by Former Hiscox Execs

Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors, comprising (among others) funds controlled by Caisse de dรฉpรดt et placement du Quรฉbec (CDPQ), Enstar, J.C. …

Enstar to Sell Starstone’s Lloyd’s Managing Agency to New Re/Insurance Venture Inigo

Enstar Group Ltd. and Stone Point Capital LLC announced they have signed definitive agreements to sell StarStone Underwriting Ltd. (SUL), the Lloyd’s managing agency, together with the right to operate Lloyd’s Syndicate 1301, to Inigo Ltd., a new specialty re/insurance …

StarStone Partners with Dubai-Based MGA; Swiss Re’s Hussey Appointed

StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory approval. Led by managing partner Giles Hussey, Malakite will target …