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Legacy market sees more complex capital relief structures: Compre CUO Bardon

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The legacy re/insurance market continues to evolve, with a growing shift towards purely capital relief structures that are increasingly complex and require creative, patient, long-term partners, according to Rachel Bardon, Chief Underwriting Officer (CUO) at Compre. In an interview with Reinsurance News during our visit to Bermuda, Bardon discussed the current state of the … [Read more...] about Legacy market sees more complex capital relief structures: Compre CUO Bardon

Insurance Industry Faces Critical Talent Shortage

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The insurance industry is one built on history and resilience, but it's also one where the future is facing immense uncertainty. By the end of 2026, an estimated 400,000 insurance professionals will have retired in the U.S. since the beginning of 2021, according to the Bureau of Labor Statistics. At the same time, nearly one-third of the current global population is Gen Z. … [Read more...] about Insurance Industry Faces Critical Talent Shortage

As legacy market gets closer to live, ILS exit opportunity expected to persist: IRLA Congress

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The legacy and run-off market is evolving to trade much more like the live market, according to speakers at the Insurance & Reinsurance Legacy Association (IRLA) annual Congress event held in Brighton today, while the opportunity to trade with and support ILS investor exit and liquidity needs is expected to continue, especially in casualty risks. At the IRLA congress … [Read more...] about As legacy market gets closer to live, ILS exit opportunity expected to persist: IRLA Congress

SOA report links Cayman reinsurance to balance sheet strategies of US carriers

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US life and annuity insurers are turning to international reinsurance to manage capital and risk, with a Society of Actuaries report identifying the Cayman Islands as part of strategies for balance sheet management and access to global funding. The report, International Reinsurance Landscape Overview for U.S. Life & Annuities, also links this trend to product … [Read more...] about SOA report links Cayman reinsurance to balance sheet strategies of US carriers

Secondary reinsurance market could drive greater capital efficiency, says Howden Re

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Reinsurance broker Howden Re has released a new report in which the firm sets out a framework for introducing a secondary reinsurance market, noting that it would allow carriers to more efficiently allocate risk, which would ultimately improve and drive greater overall capital efficiency. The firm’s report explained that reinsurance functions as a type of contingent capital, … [Read more...] about Secondary reinsurance market could drive greater capital efficiency, says Howden Re

Data quality in the insurance sector: How machine learning and AI can drive improvement

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In the insurance sector, data is the backbone of every decision, from pricing and underwriting to claims management and risk assessment. Financial departments rely on accurate, complete, and timely data to make sound financial decisions and comply with regulations. This paper highlights what data quality is, why it matters, how it can impact your business, and the best … [Read more...] about Data quality in the insurance sector: How machine learning and AI can drive improvement

AI raises the bar for reinsurance underwriting – without replacing judgment

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As reinsurance portfolios become more complex and accumulation risk harder to detect, artificial intelligence is beginning to shift from conceptual promise to operational tool. For reinsurers, the challenge is not whether to adopt AI, but how to apply it in a way that strengthens underwriting discipline and portfolio control. At Swiss Re, AI is increasingly being … [Read more...] about AI raises the bar for reinsurance underwriting – without replacing judgment

Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers

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The insurance industry has a long history of managing complex long-tail liabilities. In some cases, these liabilities grow so burdensome that they require specialized runoff solutions and as market conditions have evolved, so too have the shape of these runoff transactions and the runoff industry itself. These legacy specialists, like all companies in the runoff sector, are … [Read more...] about Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers

Umpire Checklist: A Practical Guide for Commencing the Arbitration

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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

Bermuda firms dominate growing $1.1trn legacy market

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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

Non-life insurance run-off deals – 2025 year-end review

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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

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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

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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

The Evolution of the Legacy Sector with Katie Reynold

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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

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

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

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