Ex-Aon Benfield China CEO planning $500mn start-up

Former Aon Benfield Greater China CEO Steve Warwick is looking
to establish a new reinsurer in Hong Kong with support from Chinese
investment group First Seafront Financial, The
Insurance Insider can reveal.
Sources told this publication that the start-up, Nine Merchants
Re, has $500mn of capital lined up from its cornerstone backer with
a view to a 1 April start.
It is understood that Warwick is in discussions with AM Best
about securing an A- financial strength rating.
The start-up...