From Day One, firm delivers unparalleled practice, sector, and regional strength across key G20 markets as clients face increasing global complexity Hogan Lovells Cadwalader today announced the launch of the combined firm following the merger between Hogan Lovells and Cadwalader, Wickersham & Taft. The combination creates a new force in the legal market – an unmatched … [Read more...] about Largest law firm merger in history creates Hogan Lovells Cadwalader
Latest News
Marco Capital to acquire Pro Global
Marco Capital, the P&C Legacy consolidator and parent of PoloWorks, the insurance services group, has entered into an agreement to acquire Pro Global, subject to regulatory approval. Acquiring Pro Global represents a significant milestone in Marco Capital’s strategy to build an integrated legacy insurance and market-leading insurance services group – with an expanded … [Read more...] about Marco Capital to acquire Pro Global
RiverStone International enters into loss portfolio transfer (“LPT”) reinsurance agreements with QBE Insurance Group
HAMILTON, Bermuda, 14 August,2026 – RiverStone International, a leading acquirer and reinsurer of legacy business, today announced that it has entered into LPT reinsurance agreements with QBE Insurance Group, representing approximately US$1.6 billion of reserves and further strengthening the long-standing relationship between the two organisations. The transactions cover North … [Read more...] about RiverStone International enters into loss portfolio transfer (“LPT”) reinsurance agreements with QBE Insurance Group
Munich Re and Lloyd’s move to the top of AM Best’s global reinsurer rankings
Reinsurance giant Munich Re has reclaimed its spot at the top of AM Best’s ranking of the world’s largest reinsurers for companies that report under IFRS 17, while the specialist Lloyd’s marketplace has moved above Berkshire Hathaway to claim the top spot for non-IFRS 17 reinsurers, based on year-end 2025 figures. It’s important to remember that rating agency AM Best ranks … [Read more...] about Munich Re and Lloyd’s move to the top of AM Best’s global reinsurer rankings
QBE transfers US$1.6bn in long-tail reserves to RiverStone International in second major LPT deal
QBE Insurance Group is transferring approximately US$1.6 billion of reserves from discontinued North American and international business segments to RiverStone International, in a deal that signals the Australian insurer's continued push to clean up its balance sheet heading into a softening cycle. The loss portfolio transfer agreements are subject to regulatory … [Read more...] about QBE transfers US$1.6bn in long-tail reserves to RiverStone International in second major LPT deal
AIRROC’s Annual NJ Legacy Transactions & Networking Forum is almost here!
It’s not too late to register for AIRROC’s signature event of the year! The Annual Legacy Transactions & Networking Forum returns to Jersey City, NJ, October 18–20, 2026. The event brings together nearly 300 delegates from across the legacy insurance and reinsurance market for three days of education, networking, transaction meetings and industry events. Once again, the … [Read more...] about AIRROC’s Annual NJ Legacy Transactions & Networking Forum is almost here!
Non-life insurance run-off deals – H1 2026 review
Two non-life run-off transactions were publicly disclosed in Q2 2026 with cumulative gross liabilities transacted of approximately $50m. This represents a slowdown in deal announcements from Q1, where 11 deals were disclosed by five acquirers. When compared with H1 2025, overall deal count in H1 2026 (13) is lower than the same period in 2025 (23), whilst the estimated … [Read more...] about Non-life insurance run-off deals – H1 2026 review
Run-off’s evolution: Legacy market grows its influential
AM Best’s Dan Hofmeister explains how Bermuda’s legacy specialists are turning run-off from a dumping ground for difficult liabilities into a strategic ‘hygiene test’. For years, run-off was viewed as a niche corner of the insurance industry, associated primarily with legacy liabilities, distressed portfolios and some of the market’s most difficult claims. Today, that … [Read more...] about Run-off’s evolution: Legacy market grows its influential
Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group
HAMILTON, Bermuda – July 6, 2026 — Fortitude Re announced today the signing of a $3.8 billion reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”) and Unum Life Insurance Company of America (“Unum”), a subsidiary of Unum Group (NYSE: UNM). Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary … [Read more...] about Fortitude Re Announces $3.8 Billion Long-Term Care Reinsurance Agreement with Unum Group
Carrick Holdings announces transfer of reinsurance contracts of IRB-Brasil Resseguros’ UK branch to Community Reinsurance Corporation Limited
June 22nd, 2026 – Carrick Group Limited (“Carrick”), a Bermuda-based international non-life legacy insurer, has announced transfer of the reinsurance contracts of IRB-Brasil Resseguros’ UK branch to Community Reinsurance Corporation Limited by way of an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000. The UK branch of IRB-Brasil … [Read more...] about Carrick Holdings announces transfer of reinsurance contracts of IRB-Brasil Resseguros’ UK branch to Community Reinsurance Corporation Limited
Reinsurance Insights: Summer 2026
Welcome to the First Edition of Saul Ewing’s Reinsurance Insights. This update summarizes select court decisions, regulatory developments, industry forecasts, and emerging topics, with an emphasis on issues likely to impact claims handling, dispute strategy, and compliance. It is designed as a practical, counsel-focused digest: what changed, what it means, and what to do … [Read more...] about Reinsurance Insights: Summer 2026
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success
The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year for the first time. According to a new report from industry financial strength rating agency AM Best, DPW grew 5% in 2025 to about $1.11 trillion. Overall, the industry’s … [Read more...] about US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success
NextGen Council Corner
We’re in the heat of summer and NextGen is abuzz with activity. First, Season 5 of 'The Legacy Life’ has been humming along. Since our last update, we’ve released the following episodes: Robbie Kerry and Louis Isaacson, PwC Dawin Ballin, Enstar Elaine Caprio, R&Q Re in Liquidation Ben Dovey, Xitus Steve Norrington, Cranmore Janic Schilling, Swiss … [Read more...] about NextGen Council Corner
Non-life Part VII transfers
Part VII transfers are court-sanctioned novations of portfolios of insurance policies from one insurer to another. They are typically used by insurers as a means of disposing of business that no longer fits with their future strategy, achieving both legal and financial finality, or as a means of consolidating business into a single insurer, often following an … [Read more...] about Non-life Part VII transfers
Modernizing Legacy Insurance Operations
The legacy and captive insurance sector has entered an era defined by complexity. Long-tail liabilities can persist for decades, regulatory expectations are tightening, and transactions such as loss portfolio transfers (LPTs) and insurance business transfers (IBTs) demand a level of operational precision that fragmented systems cannot provide. For organizations managing … [Read more...] about Modernizing Legacy Insurance Operations
Having ILS solutions available and ready in the legacy market is valuable: Creed, RiverStone International
Andrew Creed, Group President and Group Chief Financial Officer of legacy acquirer RiverStone International, highlighted that as the legacy and run-off market continues to evolve, having insurance-linked securities (ILS) solutions readily available is becoming increasingly valuable for global operators. Speaking with Artemis at the 2026 annual IRLA congress in Brighton, … [Read more...] about Having ILS solutions available and ready in the legacy market is valuable: Creed, RiverStone International
Reinsurance News Brighton Legacy Market Roundtable 2026
In May, we hosted our second Legacy Market Roundtable in Brighton, in partnership with global reinsurance company Swiss Re, to coincide with the annual meeting of the legacy re/insurance market. The event brought together 13 leaders and experts from across the retrospective ecosystem to examine a market in transition. In partnership with Swiss Re, the 2026 Reinsurance News … [Read more...] about Reinsurance News Brighton Legacy Market Roundtable 2026
Reserve risk transfer moves from legacy solution to strategy
With insurers facing increasing pressure to deploy capital efficiently and a growing pool of third-party capital entering the sector, the legacy market is undergoing a shift in how it is perceived and used. According to David Quinn (pictured), Managing Director – Underwriting at Compre Group, reserve risk transfer is increasingly being discussed as part of capital planning … [Read more...] about Reserve risk transfer moves from legacy solution to strategy
Legal Update: Common Traps for Reinsurance Carriers to Avoid When Handling Personal Injury Claims
Two experienced defense attorneys, Andrea Silk and Brandon Weinstein, both Partners with Gallo Vitucci Klar LLP presented at the 2026 Summer Membership Meeting on the key pitfalls reinsurance carriers encounter when handling personal injury claims. The presenters began by highlighting the danger of late severity recognition, when reinsurers or counsel don’t recognize the value … [Read more...] about Legal Update: Common Traps for Reinsurance Carriers to Avoid When Handling Personal Injury Claims
Legal Ethics in the Context of Insurance Regulation
J J Silverstein, a Partner with Foley & Lardner, LLP presented at the June 2026 Summer Membership Meeting on ethical issues and standards in dealings with insurance regulatory agencies. There are all sorts of interactions with regulators: written, informal, formal, emails, product filings, and financial and other required disclosures. Navigating the tension between … [Read more...] about Legal Ethics in the Context of Insurance Regulation
