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