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
Latest News
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
Getting Effective Deals: Preparing for and Conducting Negotiations
The first panel of the day was a presentation on negotiation strategy, with a strong emphasis on preparation as the foundation of success. Panelists Connie O’Mara (O’Mara Consulting LLC), Jennifer Warycha (Partner, Gerber Ciano Kelly Brady LLP) and Steven Ries (Senior Attorney, Hogan Lovells) explained that effective negotiators must understand their own goals, limits, and … [Read more...] about Getting Effective Deals: Preparing for and Conducting Negotiations
Marco Capital completes Part VII transfer of Inceptum Insurance liabilities
Marco Capital has received High Court approval to transfer the risks held in Inceptum Insurance Company Limited to its UK legacy platform, British Reserve Insurance Company Ltd, under Part VII of the Financial Services and Markets Act 2000, the company announced on Tuesday. “The Part VII transfer of liabilities from Inceptum to Marco Capital’s UK legacy platform, … [Read more...] about Marco Capital completes Part VII transfer of Inceptum Insurance liabilities
DARAG completes portfolio transfer agreement with Ambra Versicherung AG
Legacy acquirer DARAG Group has announced the completion of a portfolio transfer agreement of a worldwide reinsurance book. The portfolio transfer was completed in May 2026 following DARAG’s acquisition of the entire portfolio from carrier Ambra Versicherung AG (Ambra), which operates internationally. The transaction spans an underwriting period ranging from the 1970s to … [Read more...] about DARAG completes portfolio transfer agreement with Ambra Versicherung AG
Carrick Holdings announces transfer of reinsurance contracts of IRB-Brasil Resseguros’ UK branch to Community Reinsurance Corporation
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
Cheers to Three New Legacy Professionals Who Earned their CLP Designation!
One of the highlights of the 2026 Summer Membership Meeting was the recognition and celebration of three new legacy professionals who were awarded the Certified Legacy Professional ("CLP”) designation. The CLP designation represents a significant achievement and demonstrates a commitment to mastering the specialized professional knowledge and skills in the legacy … [Read more...] about Cheers to Three New Legacy Professionals Who Earned their CLP Designation!
Mediating Reinsurance Cases: Does It Work?
The AIRROC panel “Mediating Reinsurance Cases” addressed how mediation may or may not work in reinsurance. The moderator was Mark Gurevitz of MG Re Arbitrator and Mediator Services, and speakers were Andrew Nadolna, a JAMS mediator and former Global Head of Casualty Claims at AIG; Elaine Caprio, an arbitrator, mediator and Chief Re Officer for R&Q Re in Liquidation; Andrea … [Read more...] about Mediating Reinsurance Cases: Does It Work?
Weathering the Future: Climate Change and Insurance
Scott L. Davis and Tyler J. Scott, Partners at Spencer Fane LLP, explore the rapidly evolving intersection of climate change and the insurance industry. Drawing on recent legal developments and emerging litigation trends, they provide a clear, practical overview of how climate-related risks are reshaping claims, coverage, and long-term exposure across the market. Key takeaways … [Read more...] about Weathering the Future: Climate Change and Insurance
Organizing and Participating in Effective Deliberations with Party Arbitrators
Fourth in a Continuing Series on Umpire Best Practices Eric Kobrick is an ARIAS U.S. Certified Umpire and Arbitrator with deep experience with the arbitration process. He has served on 50 arbitration panels, many as umpire. He is also a former AIG Senior Vice President and Deputy General Counsel where he held a variety of senior legal positions, including as Chief Reinsurance … [Read more...] about Organizing and Participating in Effective Deliberations with Party Arbitrators
