AIRROC Update

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AIRROC Announces Departure of Executive Director Carolyn Fahey and Names Katie Reynolds as New Executive Director

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After more than a decade of service to AIRROC, Carolyn Fahey has announced that she will depart her role as Executive Director.  When the news of Carolyn’s resignation spread, 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 solidified and … [Read more...] about AIRROC Announces Departure of Executive Director Carolyn Fahey and Names Katie Reynolds as New Executive Director

NextGen Council Corner

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The AIRROC NextGen Council’s summer plans are in full swing. Over the past several weeks, the Council has released a series of behind-the-scenes interviews with AIRROC experts. The first of these videos, between Council member Sean Collins and Kathleen Ehrhart, a partner with Smith, Gambrell & Russell LLP is available here. On Thursday, July 10, NextGen Council Members … [Read more...] about NextGen Council Corner

Monument Re offloads legacy insurance assets

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In a step aimed at reallocating capital toward future European transactions, Monument Re Ltd. has divested a €1.4 billion (US$1.5 billion) legacy life insurance portfolio to RGA Americas Reinsurance Company, Ltd., freeing up resources for targeted market activity. The transaction, which closed on May 2, 2025, involves annuity and other life insurance liabilities … [Read more...] about Monument Re offloads legacy insurance assets

Legacy Re/Insurance in 2025: Stability, Strategy, and a Spotlight on Efficiency

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As we move into the second half of 2025 and start casting a cautious eye toward 2026, the legacy and run-off re/insurance market continues to play an increasingly pivotal role in the broader insurance ecosystem. No longer viewed as a quiet corner of the industry, the legacy sector is now a dynamic space where balance sheet optimisation, capital efficiency, and operational … [Read more...] about Legacy Re/Insurance in 2025: Stability, Strategy, and a Spotlight on Efficiency

Compre completes legacy deal with Belgian insurance major

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Legacy specialist Compre has completed the transfer of European motor and casualty liabilities from Ethias, Belgium’s third-largest insurer. Regulators in Belgium, France, the Netherlands, Germany, and Finland have all approved the deal, enabling Compre’s European carrier, Bothnia International, to fully assume the Ethias portfolio. The transfer follows a 2023 loss … [Read more...] about Compre completes legacy deal with Belgian insurance major

Legacy market opportunity to collaborate with ILS highlighted at IRLA event

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At the Insurance & Reinsurance Legacy Association (IRLA) annual Congress event held in Brighton today, speakers highlighted the opportunity to innovate alongside the insurance-linked securities (ILS) market and sources of alternative capital, to provide solutions to aid in exit liquidity and support casualty ILS transactions. At a media briefing held at the IRLA event, … [Read more...] about Legacy market opportunity to collaborate with ILS highlighted at IRLA event

I’m very positive on where the legacy market is and where it’s going: RiverStone International Group CFO

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After a “fantastic” 2024 underpinned by a progressive global buildout and impressive year-on-year growth across all key metrics, Andy Creed, Group Chief Financial Officer (CFO) and UK CEO of legacy acquirer RiverStone International, is “very positive” on where the run-off market is going. Last week, at the annual IRLA conference in Brighton, UK, we spoke with Creed about … [Read more...] about I’m very positive on where the legacy market is and where it’s going: RiverStone International Group CFO

Non-life insurance run-off deals – Q1 2025 review

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In contrast, deal activity across North America and the Rest of the World was relatively subdued in Q1. That said, conversations with market participants suggest that pipelines remain healthy in these territories, with brokers broadly optimistic about a pickup in legacy deal flow during the course of 2025. Many reinsurers reported strong 2024 earnings, bolstered by stellar … [Read more...] about Non-life insurance run-off deals – Q1 2025 review

RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

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Beverly, Massachusetts, 20 March 2025 RiverStone International today announced that it has signed an agreement with Pacific Valley Insurance Company, a wholly owned subsidiary of Lyft, to provide a loss portfolio transfer reinsurance (LPT) for a commercial auto liability (CAL) portfolio effective from 1 January 2025. Read More... … [Read more...] about RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

NextGen Council Corner

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The AIRROC NextGen Council has been abuzz with activity this year. We welcomed four new members to the Council: Brandon Andreyko (Chubb/Brandywine), Ben Dovey (Xitus), Ava Musnicki (Compre), and Priya White (Enstar). Several of the Council members met up at the Spring Membership Meeting held at Norton Rose Fulbright in NYC. The Spring Membership Meeting featured several … [Read more...] about NextGen Council Corner

Dispute Resolution Tool: Early Case Evaluations with Industry Professionals Turned Arbitrators

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In the ever-evolving landscape of dispute resolution, AIRROC continuously seeks innovative methods to address conflicts efficiently and effectively. Among these approaches, early case evaluations conducted by seasoned industry professionals who have transitioned into the role of arbitrators’ may be a particularly promising addition to its member services. This approach not only … [Read more...] about Dispute Resolution Tool: Early Case Evaluations with Industry Professionals Turned Arbitrators

The Role of Apology in Negotiations

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Negotiation Strategies: Tips for Establishing Connection and Optimizing Results Series: Part 8 In negotiations - whether in business deals, labor disputes, or diplomatic talks - language is currency. Words can bridge gaps or widen chasms. Among these words, a few stand out for their emotional weight and strategic complexity: “I’m sorry,” “I apologize.” Despite its simplicity, … [Read more...] about The Role of Apology in Negotiations

Compre acquires Covéa’s US subsidiary CSE Group

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Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited (Compre) has announced the completion of its acquisition of the CSE Group, a US subsidiary of Covéa. The CSE Group includes two California-domiciled personal lines insurance carriers that ceased underwriting new business in 2024. This marks the second transaction between Covéa and Compre, reinforcing … [Read more...] about Compre acquires Covéa’s US subsidiary CSE Group

DARAG signs PTA with Protector for Danish workers’ comp portfolio

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Legacy acquirer DARAG Group has announced that its German insurance carrier, DARAG Deutschland AG, has entered into a portfolio transfer agreement (PTA) with Protector Forsikring ASA for its entire Danish workers’ compensation portfolio, enabling Protector to fully exit this line of business. The transaction, subject to regulatory approval in Norway and Germany, will … [Read more...] about DARAG signs PTA with Protector for Danish workers’ comp portfolio

ESG and internal investigations: New compliance challenges

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“ESG” refers to a set of criteria used to measure a company’s non-financial ethical and sustainability practices. Investors, regulators and consumers are scrutinizing to varying degrees how companies manage environmental responsibilities, treat their own workforce and communities affected by their value chain, and govern their operations. As organizations embrace ESG … [Read more...] about ESG and internal investigations: New compliance challenges

Reinsurance returns still strong, growth a rational view: J.P. Morgan

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Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view. Traditional reinsurance firms have been building their reserve buffers through the hard market for just such an eventuality, a recent analyst report … [Read more...] about Reinsurance returns still strong, growth a rational view: J.P. Morgan

The role of alternative risk transfer solutions in the future of cyber insurance

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A recent report from the Geneva Association (GA) highlighted how maintaining the pace of growth seen across the cyber insurance market will require additional capital to manage ever-more complex cyber risks. The report explored the potential of alternative risk transfer (ART) solutions, including insurance-linked securities (ILS), such as cyber catastrophe bonds, to facilitate … [Read more...] about The role of alternative risk transfer solutions in the future of cyber insurance

Social Media and Insurance Coverage: A TikTok-ing Clock

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This presentation explores the evolving intersection of social media and insurance coverage, emphasizing the rapidly growing risks and claims stemming from platforms like TikTok. Legal, regulatory, and market-based concerns are brought to light, especially as technologies such as AI integrate into social platforms.  Peter Calleo and Troy Shuman of Enstar, Grace Seigel of Guy … [Read more...] about Social Media and Insurance Coverage: A TikTok-ing Clock

Notable Insurance Coverage Cases

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This session offered a comprehensive review of some of the largest and most notable coverage cases from 2024. David Silvers, Complex Assumed Claims Analyst, RiverStone Group moderated the discussions led by representatives from AIRROC’s Corporate Partner firms.  Panalist included J.D. Anders, Counsel, Chaffetz Lindsey, Kristen Kish, Partner, Mound Cotton Wollan Greengrass LLP, … [Read more...] about Notable Insurance Coverage Cases

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