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Compre completes acquisition of Covéa subsidiary

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Compre Group Holdings Limited (“Compre”), the Bermuda headquartered international legacy group, today announces the completion of its acquisition of the Irish subsidiary of Covéa, Medical Insurance Company DAC (MIC), which provided insurance policies covering professional medical malpractice risks. MIC entered into run-off in 2015. Read More... … [Read more...] about Compre completes acquisition of Covéa subsidiary

Enstar Announces Adverse Development Cover Agreement with AIG

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HAMILTON, Bermuda, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has signed an agreement with American International Group, Inc. (“AIG”) to provide AIG with protection against adverse development on the portion of Validus Re’s loss reserves that AIG retains exposure to following the closing of … [Read more...] about Enstar Announces Adverse Development Cover Agreement with AIG

Alternative capital flat at $100bn high at mid-year 2023: Aon

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Alternative reinsurance capital, largely deployed in insurance-linked securities (ILS) formats, remained static at its $100 billion at the mid-point of 2023, according to insurance and reinsurance broker Aon. The latest analysis of global reinsurance capital from Aon’s Reinsurance Solutions division, presented just prior to the annual Monte Carlo Rendez-Vous reinsurance … [Read more...] about Alternative capital flat at $100bn high at mid-year 2023: Aon

Global Life and Health Insurance Mergers and Acquisitions (M&A)

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Each year, Milliman studies the trends in mergers and acquisitions (M&A) of global health and life insurance companies, with a particular focus on data and deals in North America, Europe, and Asia. In 2022, life and health insurance transaction activity was down sharply. Our research points to the likely causes and projects the landscape for future life and health insurance … [Read more...] about Global Life and Health Insurance Mergers and Acquisitions (M&A)

Beware the “Quadrigoof”: Avoiding Four Common Mistakes in Negotiations

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Negotiation Strategies: Tips for Establishing Connection and Optimizing Results Series: Part 6 We all negotiate, every day.  It runs the gamut from the boardroom to the bedroom and everywhere in between. People try to win over their counterpart with reasoned arguments, pithy anecdotes, or just plain emotion. Career negotiators feel they do it fairly well, making fewer … [Read more...] about Beware the “Quadrigoof”: Avoiding Four Common Mistakes in Negotiations

The AIRROC 19TH Annual NJ Legacy Transactions and Networking

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Registration is now Open! AIRROC looks forward to reuniting with our legacy colleagues from Sunday, October 15 through Tuesday October 17, 2023. The legacy sector’s “must attend” event offers many of the highlights we all expect as well as some new additions to the schedule this year. Changes include offering a Mexican Fiesta dinner as our delegates arrive on Sunday, Robert … [Read more...] about The AIRROC 19TH Annual NJ Legacy Transactions and Networking

SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

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SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily reinsurance business with the legacy acquisition specialist Compre. This is the second LPT the companies have partnered on. Compre assumed approximately $1.3 billion of reserves and the LPT has been underwritten by Compre’s class 3B … [Read more...] about SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

Where Are They Now? 2019 Trish Getty Scholarship recipient: Melissa Navrot

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Established in 2012, an annual scholarship in honor of Trish Getty, founding Executive Director of AIRROC, is awarded to one exceptional undergraduate student studying insurance, risk management or actuarial science. AIRROC’s NextGen decided to catch up with a few past recipients and highlight where their careers have taken them. Natalie Weedman of the AIRROC NextGen Council … [Read more...] about Where Are They Now? 2019 Trish Getty Scholarship recipient: Melissa Navrot

Meet Our New Board Members

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AIRROC is excited to introduce our newest Board Members and share a little about how they became involved with AIRROC and why they are passionate about the work we are doing for the legacy community.  The AIRROC Board is comprised of a dedicated team of experienced industry leaders that channel their talent and energy into furthering our mission. Please join us in welcoming … [Read more...] about Meet Our New Board Members

DARAG completes two North America captive transactions

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Legacy acquirer DARAG Group has concluded two transactions with undisclosed North American captive insurance companies. The first transaction was completed in May, with the second concluded in June. The transactions have been written into the group’s Bermudian insurance carrier, DARAG Bermuda. The mandate offers full legal finality for the US worker’s compensation book of … [Read more...] about DARAG completes two North America captive transactions

Legacy Roundtable and Survey 2023

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I have moderated our annual legacy roundtable for several years now, and there is a comforting familiarity which comes with it. Because in many ways, it is pretty much always the same. The occasion – the annual IRLA gathering – is the same. The venue – the Brighton Grand – is the same. And one thing you can always guarantee is that the conversation at this roundtable is … [Read more...] about Legacy Roundtable and Survey 2023

Alternative capital raises accelerate to ~$11bn YTD, says Berenberg

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Having only a few weeks ago estimated that as much as $8 billion of alternative reinsurance and insurance-linked securities (ILS) capital had been raised year-to-date, analysts from investment bank Berenberg have now upped that amount to ~$11 billion. As a result, the analysts now believe that alternative and ILS capital flows into the insurance and reinsurance market are … [Read more...] about Alternative capital raises accelerate to ~$11bn YTD, says Berenberg

AIRROC Adds 5 New Members to Advisory Council

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AIRROC is pleased to announce the addition of 5 new members to its Advisory Council. The AIRROC Advisory Council serves as a critical community and industry champion of AIRROC. Members of the Advisory Council share their talents in service to the organization’s mission and vision by offering expertise; bringing a diverse knowledge of constituent perspectives; providing their … [Read more...] about AIRROC Adds 5 New Members to Advisory Council

Acrisure Acquires TEn, Will Go to Market as Eleven Network

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Acrisure said it has acquired TEn Insurance Services Ltd. As part of the acquisition, TEn will go to market as Eleven Network. The deal is expected to close in the near term, pending FCA regulatory approvals. Terms were not disclosed. Since 2005, TEn has been providing services for industry professionals operating as appointed representatives (ARs). Read More... … [Read more...] about Acrisure Acquires TEn, Will Go to Market as Eleven Network

Enstar Completes Loss Portfolio Transfer with RACQ

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HAMILTON, Bermuda, June 02, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed a previously announced Loss Portfolio Transfer agreement with RACQ Insurance Limited (“RACQ”) to reinsure 80% of RACQ’s motor vehicle compulsory third party insurance liabilities, covering accident years 2021 and … [Read more...] about Enstar Completes Loss Portfolio Transfer with RACQ

Opportunities increase as IRLA Congress highlights the need for expertise

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Steven Goate reveals discussions at the Insurance and Reinsurance Legacy Association (IRLA) Congress 2023, point to a dynamic market and one which will require a range of services which will see Davies in demand. Once again, the IRLA Congress saw the market come together for a sold-out event, which was not short of topics to discuss. Those topics were broad and diverse, with … [Read more...] about Opportunities increase as IRLA Congress highlights the need for expertise

Swiss Re ILS deal maps the future of ILS: Lohmann

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Swiss Re’s recent innovative ILS deal, completed with JP Morgan and designed to help the reinsurer manage its capital, has the potential to grow the sector exponentially, says one of the industry’s pioneers Dirk Lohmann, speaking ahead of the conference Re/insurance Outlook Europe, being held in Zurich in June. New types of ILS deals designed to help re/insurers manage … [Read more...] about Swiss Re ILS deal maps the future of ILS: Lohmann

AIRROC Welcomes Director of the Illinois Department of Insurance as Keynote Speaker

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One of the highlights of AIRROC’s Chicago Regional Education Day was the keynote address by Dana Popish Severinghaus, Director of the Illinois Department of Insurance.  Director Popish Severinghaus has served since January 2021 and brings extensive legal, policy, government relations and insurance industry-related experience to her role heading a state regulatory agency. A … [Read more...] about AIRROC Welcomes Director of the Illinois Department of Insurance as Keynote Speaker

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