AIRROC Update

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Latest Market Updates

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

Enstar sees significant growth opportunities on the live and legacy side: Dan Sanford

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Following its agreement to acquire Accident Fund Holdings, Inc. (AF Group) alongside positive industry tailwinds, global insurance and reinsurance group Enstar is “excited” about the opportunities ahead, seeing ample room for growth. During a recent trip to Bermuda, Reinsurance News spoke with Dan Sanford, Managing Director, M&A at Enstar, about the Bermuda regulatory … [Read more...] about Enstar sees significant growth opportunities on the live and legacy side: Dan Sanford

AI is coming for insurance’s middle – but brokers still own the moment that matters

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Insurance is running out of room to pretend artificial intelligence is still a side project. For years, the industry has treated AI as a useful but distant prospect: good for pilots, productivity demos and conference panels but not yet central to how business is written, serviced and claimed. That position is becoming harder to defend. Even in July last year, McKinsey was … [Read more...] about AI is coming for insurance’s middle – but brokers still own the moment that matters

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

AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’

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American International Group (AIG) said it made substantial progress in artificial intelligence within the last year, and the technology’s outcomes and capabilities are more than previously predicted. The insurer during an Investor Day less than a year ago presented the potential benefits from its use of generative AI. CEO Peter Zaffino said the thoughts at the time were … [Read more...] about AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’

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

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

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

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

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?

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