Sector developments and company hires

Acquisitions

Eldridge Industries has increased its investment in Maranon, now holding a majority ownership position. In addition to the equity investment, affiliates of Eldridge have made further commitments to Maranon’s platform, which will support Maranon’s ongoing strategic initiatives, including expanding the company’s underwriting and hold capability. Eldridge will acquire the additional stake from Maranon’s co-founder and Managing Director Tom Gregory, who has decided to transition to an advisory role.

Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings is strengthening its ILS business and asset management business. As such, the firms has acquired 80% of limited partnership equity in Leadenhall Capital Partners (LCP) from MS Amlin Corporate Services Limited, a group company of MS Amlin and reorganized LCP into a direct subsidiary of the Company. Oversight of LCP will be transferred from the company’s international business to the financial services business, which has a strong business relationship with LCP.

Promotion

Schulte Roth & Zabel has promoted Anthony Lombardi to the role of special counsel in the structured finance and derivatives team. He is based out of the London office and was previously at DLA Piper.