PEMBROKE, Bermuda–(BUSINESS WIRE)–Sep 16, 2020– Premia Holdings Ltd. (“Premia”), a leading reinsurance group focused on reinsuring and acquiring companies in runoff, has announced that Colin Grint will join Premia on October 1, 2020. Subject to customary regulatory approval, Colin will serve as Chief Executive Officer of Premia Managing Agency Ltd. and will have oversight of all of Premia’s operations in Europe.
Colin is joining Premia from Arthur J. Gallagher, where he has served as Chief Operating Officer of its GGB Retail business. Colin previously served as CEO of both Charles Taylor’s and Capita’s Lloyd’s operations. Premia acquired Charles Taylor’s Lloyd’s Managing Agency in March 2020.
Max Taylor, Chairman and Independent Non-Executive of Premia Managing Agency Ltd., noted, “We are delighted with the appointment of Colin to the Premia business. His in-depth expertise and knowledge of the Lloyd’s market will be critical in taking Premia’s operations to the next level of success.”
Bill O’Farrell, Chief Executive Officer of Premia Holdings Ltd., added, “We have completed four transactions in the last ten months in the UK and we are thrilled to be adding Colin’s deep Lloyd’s expertise, commitment to operational excellence, and proven industry leadership to our team. This is an important milestone for Premia as we continue to expand our operations.”
About Premia
Premia Holdings Ltd. is a reinsurance group with operations in Bermuda, the U.S. and Europe that is focused on sourcing, structuring and servicing run-off business. With nearly $600 million in capital, Premia is well equipped to handle acquisitions and reinsurance transactions in the global P&C run-off market. Premia is sponsored by Arch Capital Group Ltd. and Kelso & Company.
Cautionary Statement
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. This release or any other written or oral statements made by or on behalf of Premia Holdings Ltd. and its subsidiaries may include forward-looking statements, which reflect our current views with respect to future events and financial performance. All statements other than statements of historical fact included in or incorporated by reference in this release are forward-looking statements.
Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe” or “continue” or their negative or variations or similar terminology. Forward-looking statements involve our current assessment of risks and uncertainties. Actual events and results may differ materially from those expressed or implied in these statements.
All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contacts
Premia Holdings Ltd.
Scott Maries, 441-278-9176
Chief Financial Officer
smaries@premiareltd.com
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