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Global Insurance Run-off Survey 2025

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In this edition of the Survey, we explore where we are in the legacy sector in relation to market developments, the challenges we’re seeing, as well as the opportunities. We have worked with our colleagues from across different disciplines and internationally to give a wider view on the market. We’ve taken a closer look at the role of private equity, capital appetite and the … [Read more...] about Global Insurance Run-off Survey 2025

AIRROC has Partnered with Slipcase

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AIRROC is now available on Slipcase, the leading information distribution platform in the global risk and (re)insurance industry.  AIRROC members can sign up for free to follow our page and create your personalized news feed. Slipcase is an online aggregator and curator of news and insights for insurance and reinsurance professionals, personalized to their interests and … [Read more...] about AIRROC has Partnered with Slipcase

Come Celebrate our 20th Anniversary at AIRROC’s Annual NJ Legacy Transactions and Networking Forum!

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Come join us as AIRROC celebrates its 20th Anniversary at its Annual Legacy Transactions and Networking Forum from Sunday, October 19 through Tuesday October 21, 2025. If you are a legacy professional, this popular event is a “must attend” conference that draws nearly 300 delegates from around the world for three days of inspiration, learning, networking and deal making. This … [Read more...] about Come Celebrate our 20th Anniversary at AIRROC’s Annual NJ Legacy Transactions and Networking Forum!

Northern Re unveils structured reinsurance solutions portfolio to enhance capital efficiency

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Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has launched a structured solutions product suite and enhanced whole account quota share capabilities. New York City and Cayman Islands based Northern Re launched in early 2023 looking to deploy third-party capital it raised … [Read more...] about Northern Re unveils structured reinsurance solutions portfolio to enhance capital efficiency

Reinsurance Market Report: Results for Half-Year 2025

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Released twice a year, the Reinsurance Market Report gives in-depth analysis on the size and performance of the reinsurance industry, based on the 'Gallagher Reinsurance INDEX' group of companies. It provides an up-to-date picture on the global reinsurance industry's capital position and on reinsurers' profitability. Additionally, it provides Gallagher Re's expectations for … [Read more...] about Reinsurance Market Report: Results for Half-Year 2025

Enstar’s Cavello Bay sues Aspen for more than $400 million over alleged breach of reinsurance deal

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Enstar subsidiary Cavello Bay Reinsurance Limited is seeking damages of more than $400 million against Aspen Insurance Holdings in a U.S. lawsuit over an alleged breach of a reinsurance agreement. Cavello Bay alleges in the lawsuit, which it filed in the Connecticut Superior Court in the judicial district of New Britain, that Aspen breached multiple provisions of an amended … [Read more...] about Enstar’s Cavello Bay sues Aspen for more than $400 million over alleged breach of reinsurance deal

AI third-party administrator Elysian closes US$6m seed round

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AI-native third-party administrator (TPA) for commercial insurance, Elysian, has announced the closing of a US$6 million seed round led by Portage, with participation by both American Family Ventures and TenOneTen Ventures. Grace Hanson, a former lawyer and chief claims officer at Allied World, Homesite Insurance, Hiscox, and Hippo Insurance, founded the company in a bid to … [Read more...] about AI third-party administrator Elysian closes US$6m seed round

Best Practices for Responding to Umpire Questionnaires

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I have been asked to write about responding to umpire questionnaires and tracking cases for conflict review, including issues regarding affiliated companies and transferred books of business.  As is common practice, I have always kept an arbitration log, which grew in detail as disclosure requirements also grew. The log listings included the parties as I understood them, the … [Read more...] about Best Practices for Responding to Umpire Questionnaires

Umpires: The Good, the Bad, and the Ugly

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"It isn't enough for an umpire merely to know what he's doing. He has to look as though he knows what he's doing too." - National League Umpire Larry Goetz There is no question that the umpire plays a critical role in an arbitration to ensure a fair result for the parties. As the central force in the center chair, s/he basically runs the show and sets the tone for the entire … [Read more...] about Umpires: The Good, the Bad, and the Ugly

Enstar launches $300m casualty reinsurance sidecar Scaur Hill Re

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Global legacy re/insurance specialist Enstar has launched Scaur Hill Re Ltd., its first casualty reinsurance sidecar funded by a small group of third-party institutional investors providing $300 million in capacity, as reported by Artemis, our insurance-linked securities (ILS) focused sister publication. The creation of Scaur Hill Re Ltd. is a particular development as it … [Read more...] about Enstar launches $300m casualty reinsurance sidecar Scaur Hill Re

Swiss Re & Berkshire Hathaway move to the top of AM Best’s global reinsurer rankings

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Reinsurance giant Swiss Re has taken over from Munich Re at the top of AM Best’s ranking of the world’s largest reinsurers for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024 figures. It’s important to remember that AM Best now ranks the top 50 global reinsurers in two lists. Companies that … [Read more...] about Swiss Re & Berkshire Hathaway move to the top of AM Best’s global reinsurer rankings

AIRROC Presents CLP Designation to Two New Recipients

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During the 2025 Summer Membership Meeting, the Certified Legacy Professional ("CLP”) designation was awarded to two legacy professionals who have completed the necessary coursework.  The CLP designation recognizes individuals who have demonstrated specialized professional knowledge and experience in the legacy sector. Congratulations to Bryan Enos, Managing Director at A.G. … [Read more...] about AIRROC Presents CLP Designation to Two New Recipients

Fortitude Re Announces Closing of Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group

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HAMILTON, Bermuda–FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced the closing of the 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). Consistent with the … [Read more...] about Fortitude Re Announces Closing of Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group

Sixth Street Completes Acquisition of Enstar

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HAMILTON, Bermuda, July 2, 2025 – Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced the closing of its acquisition by investment vehicles managed by affiliates of Sixth Street, a leading global investment firm, for $338.00 in cash per ordinary share, representing a total equity value of $5.1 billion. Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other … [Read more...] about Sixth Street Completes Acquisition of Enstar

Dovetailing prospective & retrospective solutions the best use of legacy: Jass, Augment Risk

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In a recent interview with Reinsurance News, Jag Jass, Partner – Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines of business, legacy is best used when dovetailing an approach from a prospective and a retrospective standpoint. Jass joined Augment Risk … [Read more...] about Dovetailing prospective & retrospective solutions the best use of legacy: Jass, Augment Risk

Reinsurance News Legacy Market Roundtable 2025

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Around the annual meeting of the legacy re/insurance market in Brighton, UK, in May, we hosted our inaugural Legacy Market Roundtable, in partnership with global reinsurance company, Swiss Re, during which 11 experts from across the retrospective world discussed key trends, opportunities, and challenges for the market. In partnership with Swiss Re, the 2025 Reinsurance News … [Read more...] about Reinsurance News Legacy Market Roundtable 2025

Legacy in Legacy

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Warm Remembrances of Carolyn Fahey’s Tenure as AIRROC’s Executive Director When the news of Carolyn Fahey’s announcement spread that she will be stepping down as Executive Director, there was an outpouring of sadness and a great sense of loss among the AIRROC community.  Carolyn’s leadership has made AIRROC a stronger professional organization, and her involvement has … [Read more...] about Legacy in Legacy

From Foundation to Future: What’s Next for AIRROC

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When I first became involved with AIRROC in 2018, I never could have imagined the path it would lead me down, or how deeply the organization would shape my career. From founding the NextGen Council to serving on the Board of Directors, AIRROC has been a professional home. It has introduced me to mentors, collaborators, and friends who are not only invested in their own … [Read more...] about From Foundation to Future: What’s Next for AIRROC

Compre completes legal transfer of European liability portfolio from Ethias

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Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited has completed an insurance business transfer of a portfolio of European casualty and motor liabilities from Ethias S.A. (Ethias). The transfer follows a prior Ethias Loss Portfolio Transfer (LPT), which took place in 2023, covering approximately €140 million of reserves across the European Union. The current … [Read more...] about Compre completes legal transfer of European liability portfolio from Ethias

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