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Marco Capital replaces Coaction as reinsurer of R&Q Syndicate 1110

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Marco Capital’s RITC Syndicate 1254 has signed a reinsurance agreement with R&Q’s Syndicate 1110 to replace an existing reinsurance cover underwritten by Coaction Global, Inc. Consequently, Coaction Global is released from exposure to the relevant R&Q portfolio. The transaction is consistent with Marco’s strategy of providing specialist legacy and run-off solutions for … [Read more...] about Marco Capital replaces Coaction as reinsurer of R&Q Syndicate 1110

Berkshire’s NICO pays Hartford $1.12bn to commute reinsurance cover

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The Hartford Insurance Group has agreed to commute and terminate its aggregate excess of loss reinsurance agreement with National Indemnity Company (NICO), a Berkshire Hathaway subsidiary, ending cover for asbestos and environmental adverse development that has been in place since December 31, 2016. Hartford Fire Insurance Company and certain affiliates entered into the … [Read more...] about Berkshire’s NICO pays Hartford $1.12bn to commute reinsurance cover

DARAG receives High Court approval for Part VII transfers to UK carrier

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DARAG Group ("DARAG" or "the Group"), a leading legacy acquirer, announces that the High Court of Justice has approved the transfer of two insurance portfolios to its UK carrier, DARAG Insurance UK Limited (“DIUK”), under Part VII of the Financial Services and Markets Act 2000. The court order, delivered on 17 September 2026, approved the transfer of Soteria Insurance … [Read more...] about DARAG receives High Court approval for Part VII transfers to UK carrier

Rethinking the Tradeoff Between Efficiency, Outcomes, and Claimant Experience

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Speak with any claims leader and they’ll tell you about the importance of improving claimant experience, indemnity outcomes, and operational efficiency. They’ll also quickly acknowledge the invisible tug-of-war that takes place between those three measures, making it seemingly impossible to pull all three in the same direction. If you’ve led claims teams, you’ve likely felt … [Read more...] about Rethinking the Tradeoff Between Efficiency, Outcomes, and Claimant Experience

Howden Re’s Reina offers counterpoint to capital deployment narrative at RVS 2026

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At RVS 2026 in Monte Carlo, Massimo Reina offered a counterpoint to the narrative of reinsurers rushing to deploy record capital. The CEO of Howden Re International told Reinsurance News that competition is intensifying, but discipline, not indiscriminate deployment, is what’s actually characterising the market. As pricing falls, he explained, generating economic value only … [Read more...] about Howden Re’s Reina offers counterpoint to capital deployment narrative at RVS 2026

Spotlight on AIRROC Board Member Nicole Gaudreault

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Many of you already know Nicole Gaudreault, a respected figure in the industry who has spent more than 30 years at The Hartford, where she has built an extensive career in reinsurance. Recently, she hit another milestone by joining the AIRROC Board of Directors, bringing broad experience in both legacy and reinsurance. Her background will play a key role in guiding AIRROC … [Read more...] about Spotlight on AIRROC Board Member Nicole Gaudreault

Monte Carlo: Putting Legacy in the Global Conversation

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For almost 70 years, the Rendez-Vous de Septembre (RVS) has brought insurance and reinsurance leaders from around the world to Monte Carlo for four days of meetings and relationship-building. While RVS is typically focused on ongoing business, AIRROC has found a permanent place on the calendars of many attendees. With the support of our co-sponsoring members and Corporate … [Read more...] about Monte Carlo: Putting Legacy in the Global Conversation

London Calling

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The London Education Day 2026, hosted by AIRROC Corporate Partner Kennedys at their offices in the historic financial district, included four substantive sessions.  The agenda covered litigation funding, emerging claims trends, regulatory developments, and the growing intersection of artificial intelligence with the insurance industry. Daisy Khambatta and Bevin Carroll, both … [Read more...] about London Calling

The changing face of legacy

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Legacy and asset-intensive reinsurance are being reshaped by greater competition, increasingly complex liabilities and rising client expectations. In this Q&A, Alon Neches, chief executive of Fortitude Re, told Bermuda:Re+ILS how the market is evolving, why Bermuda remains central and where the largest opportunities and risks lie for the industry ahead. Looking back over … [Read more...] about The changing face of legacy

Lloyd’s untapped liabilities could emerge as bright spot for legacy

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Lloyd’s could become one of the legacy market’s next meaningful growth opportunities, as softening pricing conditions push managing agents to look for ways to release trapped capital from old years of account. Despite Lloyd’s long-established reinsurance-to-close (RITC) framework, around 75% of syndicates have never undertaken a legacy transaction, according to … [Read more...] about Lloyd’s untapped liabilities could emerge as bright spot for legacy

Largest law firm merger in history creates Hogan Lovells Cadwalader

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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

Marco Capital to acquire Pro Global

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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

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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

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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

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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!

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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

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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

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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

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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

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