On February 10, 2026, AIRROC and Mayer Brown co-hosted the Eighth Annual Runoff Deal Market Forum at Mayer Brown's New York office, where industry experts came together to discuss the latest trends and developments in the insurance legacy market. The Deal Forum kicked off with welcome and opening remarks from Katie Reynolds, Executive Director of AIRROC, and David Alberts, … [Read more...] about Runoff Deal Market Forum 2026
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Umpire Checklist: A Practical Guide for Commencing the Arbitration
The following is a “laundry list” that includes as many opening data points as I have gathered through discussion with many arbitrators and in my own arbitrations. Not all of these items will be necessary in every case, and I invite anyone who would like to add something to this list to contact me at connie@cdomaraconsulting.com. I. Kickoff Call with Panel Where is … [Read more...] about Umpire Checklist: A Practical Guide for Commencing the Arbitration
AM Best: Non-Life Runoff – An Evolving Reinsurance Landscape
Best's Special Report finds the non-life runoff market continues to exhibit healthy transaction volumes, but its composition is becoming increasingly concentrated. Watch More... … [Read more...] about AM Best: Non-Life Runoff – An Evolving Reinsurance Landscape
Bermuda firms dominate growing $1.1trn legacy market
Bermudian-based run-off specialists such as Enstar are playing a central role in a global non-life legacy insurance market now estimated at about $1.1 trillion, according to a new report from AM Best. The ratings agency said the sector remained active and healthy but was becoming increasingly concentrated among a small group of specialist firms, many of which had a strong … [Read more...] about Bermuda firms dominate growing $1.1trn legacy market
DARAG announces two deal closures and strong 2025 trading
DARAG completes a portfolio transfer agreement (PTA) of Danish Workers’ Compensation business from Protector and signs a loss portfolio transfer (LPT) and PTA with another European carrier. DARAG Group (“DARAG” or “the Group”), a leading legacy acquirer, today announced that its German insurance carrier, DARAG Deutschland AG, has completed a PTA of Protector’s Danish … [Read more...] about DARAG announces two deal closures and strong 2025 trading
Compre announces participation in QBE Re’s inaugural Casualty sidecar: George Street Re.
Compre Group Holdings Limited (‘Compre’), the Bermuda-domiciled international specialist reinsurance group, today announced its participation in George Street Re, QBE Re’s debut casualty sidecar. QBE Re is the reinsurance division of global insurance group QBE. The QBE Re transaction, which exceeds US$550 million in fully collateralised quota share reinsurance, marks its … [Read more...] about Compre announces participation in QBE Re’s inaugural Casualty sidecar: George Street Re.
Enstar Announces Acquisition of AF Group
HAMILTON, Bermuda, February 13, 2026 – Enstar Group Limited (“Enstar”), a leading global insurance and reinsurance group backed by investment vehicles managed by affiliates of Sixth Street, a leading global investment firm, today announced it has entered into a definitive stock purchase agreement to acquire 100% of the shares of Accident Fund Holdings, Inc. (“AF Group”) from … [Read more...] about Enstar Announces Acquisition of AF Group
Unlocking capital: Liability transfer solutions for captive insurance companies
Introduction: Capital opportunities for captive insurers with legacy liabilities Many (re)insurance companies carry legacy liabilities on their balance sheets that no longer align with their current strategic goals. This practice is equally relevant to captive insurance companies. Such legacy liabilities, whether in run-off portfolios, discontinued lines of business, or aged … [Read more...] about Unlocking capital: Liability transfer solutions for captive insurance companies
AIRROC Announces 2026 Board Leadership and Welcomes New Directors
AIRROC has announced its board leadership for 2026. The officers are Chair Dawn Ballin (Enstar), First Vice Chair Stewart Richmond (RiverStone Group), and Second Vice Chair Brendan McQuiggan (Brandywine Holdings/Chubb). The board supporting officers are Marianne Petillo (ROM) as Treasurer, Megan McHugh (Enstar) as Secretary, and Robert Romano along with Victoria Corder (Norton … [Read more...] about AIRROC Announces 2026 Board Leadership and Welcomes New Directors
Non-life insurance run-off deals – 2025 year-end review
We saw 42 publicly announced non-life run-off insurance transactions in 2025, a notable increase compared to 2024 (33 deals) and 2023 (31 deals). This increase was driven by a particularly active Q4 2025, during which 14 transactions were announced. Despite this increase in deal numbers, estimated liabilities transferred were $5.4bn, below the $6bn to $8bn range that has … [Read more...] about Non-life insurance run-off deals – 2025 year-end review
Reinsurance News Bermuda Legacy Market Roundtable
Welcome to the inaugural Reinsurance News Bermuda Legacy Market Roundtable, held in partnership with RiverStone International, one of the world’s leading providers of legacy solutions, on November 6th in Hamilton, Bermuda. The session brought together nine industry leaders and experts from across the space to reflect on the current state of the legacy market and consider its … [Read more...] about Reinsurance News Bermuda Legacy Market Roundtable
Using the Organizational Meeting to Build a Better Arbitration
Arbitration clauses in most insurance and reinsurance contracts are remarkable for how little they say about the process. The most basic form of arbitration clause states only that, if a dispute arises, the parties will arbitrate rather than litigate. Exactly what “arbitration” means usually remains undefined. A typical clause may add a few barebones terms regarding the … [Read more...] about Using the Organizational Meeting to Build a Better Arbitration
AIRROC Honors Carolyn Fahey with Special Service Award
A very special award was presented at the 2025 AIRROC Legacy Transactions & Networking Forum, one as unique as its recipient. Carolyn Fahey was the face of AIRROC for more than a decade. Her steady leadership, her vision, and her genuine care for this organization shaped AIRROC into what it is today: a vibrant and thriving legacy community. When the Executive … [Read more...] about AIRROC Honors Carolyn Fahey with Special Service Award
Hidden Exposures and Emerging Risks
Sean Keely, a Partner with Smith, Gambrell & Russell, LLP and Andrea Silk, Managing Attorney with Gallo Vitucci Klar LLP provided an insightful overview of the hidden exposures insurers face, and the emerging risks expected in 2025 and beyond. The first area addressed was liability risks for hotels and restaurants from human trafficking. Trafficking lawsuits are on the … [Read more...] about Hidden Exposures and Emerging Risks
AIRROC Announces 2025 NextGen Leadership Award Honorees
Kristen Kish of Mound Cotton Wollan & Greengrass LLP and Juliana Toes of Mayer Brown LLP have been named the 2025 recipients of the AIRROC NextGen Leadership Award. Both honorees have significantly advanced AIRROC’s educational efforts, strengthened outreach, and supported the development of rising legacy professionals. Kristen Kish, a Partner at Mound Cotton Wollan & … [Read more...] about AIRROC Announces 2025 NextGen Leadership Award Honorees
Five New Legacy Professionals Earn their CLP Designation
During the 2025 Legacy Transaction & Networking Forum, the Certified Legacy Professional ("CLP”) designation was awarded to five 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 Elaine A. Caprio, Paul … [Read more...] about Five New Legacy Professionals Earn their CLP Designation
AIRROC Kicks Off 2025 Forum with Keynote Speaker Brian Snover of Berkshire Hathaway
AIRROC kicked off its 2025 Legacy Transactions & Networking Forum and 20th Anniversary celebration with keynote speaker Brian Snover, Senior Vice President and General Counsel of Berkshire Hathaway. Many may recall that Brian was the 2007 AIRROC Person of the Year and as he quipped during his opening remarks, this is his return to the scene of the crime. He explained his … [Read more...] about AIRROC Kicks Off 2025 Forum with Keynote Speaker Brian Snover of Berkshire Hathaway
Marco Capital finalizes acquisition of R&Q Gamma
Marco Capital Holdings Limited, a European group specialising in the acquisition and management of property and casualty (P&C) insurance run-off portfolios and companies, has finalised the purchase of R&Q Gamma Company Limited. R&Q Gamma, a UK-based non-life insurer in run-off, was previously owned by Randall & Quilter II Holdings Ltd (in administration) and … [Read more...] about Marco Capital finalizes acquisition of R&Q Gamma
The Evolution of the Legacy Sector with Katie Reynold
Katie Reynolds is the Executive Director of AIRROC, the Association of Insurance and Reinsurance Run-Off Companies, the only U.S. nonprofit dedicated to promoting the interests of the legacy insurance and reinsurance community. She brings nearly a decade of experience in the legacy sector from claims leadership roles at RiverStone and The Hartford. An active AIRROC member since … [Read more...] about The Evolution of the Legacy Sector with Katie Reynold
AIRROC: Past, Present and Future
AIRROC marked its 20th anniversary with a panel discussion that highlighted the organization’s journey, its evolving role in the re/insurance sector, and its vision for the future. The panel featured Andrew Maneval, founding Chair of the Board of AIRROC; Jonathan Rosen, founding Board member and past Chair; and Marianne Petillo, founding Board member, past Chair, and current … [Read more...] about AIRROC: Past, Present and Future
