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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

DARAG announces LPT and PTA deal with European carrier

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DARAG Deutschland AG, the German insurance carrier of DARAG Group, has completed a loss portfolio transfer (LPT) with a European carrier. This deal, the firm stated. Will be followed by a portfolio transfer (PTA) with the carrier. Tom Booth, CEO of DARAG, commented: “Our track record of successful transactions in Europe makes us the natural choice to provide a high … [Read more...] about DARAG announces LPT and PTA deal with European carrier

Marco Capital acquires R&Q Gamma, marking third transaction with parent

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European P&C insurance run-off group Marco Capital has acquired R&Q Gamma Company Limited, subject to regulatory approval. Marco Capital explained that R&Q Gamma, formerly The Royal London General Insurance Company Ltd, was established in 1983 and put into run-off in 1999. It was purchased by R&Q Insurance Holdings Ltd in 2016 to act as a consolidation … [Read more...] about Marco Capital acquires R&Q Gamma, marking third transaction with parent

Chamber Pushes for Reform as Foreign Investors Exploit U.S. Legal System Through Litigation Funding

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Comprehensive reforms are needed to address how third-party litigation funding (TPLF) operates within the federal tax and court system, according to the U.S. Chamber of Commerce Institute for Legal Reform (ILR), citing national security concerns and unfair competitive advantages for foreign investors. Current tax loopholes allow foreign funders to profit from American … [Read more...] about Chamber Pushes for Reform as Foreign Investors Exploit U.S. Legal System Through Litigation Funding

A leading financial centre and reinsurance hub

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Fundamental to Bermuda’s innovation culture is cooperation between government, regulator and industry, says Premier David Burt. Bermuda, while a small country by population and size, continues to prove that these factors do not limit us to small, local businesses. With our robust regulatory framework, investment in human capital, political and economic stability and a … [Read more...] about A leading financial centre and reinsurance hub

Are non-life Part VII transfers on the rise?

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In our previous briefing note from December 2023, we discussed the significant decline in the number of non-life Part VII transfers sanctioned in recent years and considered whether this trend was likely to continue. This update highlights the key developments from 2024 and anticipates future trends for 2025. Developments in 2024 As discussed previously, 2023 saw just two … [Read more...] about Are non-life Part VII transfers on the rise?

Legacy is a long-term business with relationships that go beyond reserves: Swiss Re’s Schilling & Schäfli

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Global reinsurance giant Swiss Re views legacy as a long-term business built on trusted relationships, and while positive steps have been taken to improve the resilience and perception of the market, there’s more work to do, according to Janic Schilling, Head Legacy Origination and Andreas Schäfli, Head of P&C Legacy, Swiss Re. In an interview with Reinsurance News, … [Read more...] about Legacy is a long-term business with relationships that go beyond reserves: Swiss Re’s Schilling & Schäfli

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

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