Genesis Legacy Solutions (“GLS”), part of Maiden Holdings, Ltd. (NASDAQ: MHLD), announced today an agreement to provide a medical expense reimbursement cover to the Washington, D.C. cell of the Michigan based Mary Free Bed Rehabilitation Hospital (“MFB”). MFB has a facility network that spans 39 cities and specializes in value-based rehabilitation and post-acute care. This … [Read more...] about Genesis Legacy Solutions Completes Reinsurance Cover for Mary Free Bed Hospital
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R&Q to be acquired by 777 Partners backed Brickell PC Insurance
Randall & Quilter Investment Holdings Ltd (R&Q), the non-life global specialty insurance company focused on program management and legacy transactions, is set to be acquired by one of its major shareholders, in an acquisition backed by investment group 777 Partners. The acquisition will value Randall & Quilter’s (R&Q’s) existing issued share capital at … [Read more...] about R&Q to be acquired by 777 Partners backed Brickell PC Insurance
Challenges of Reserving Federal Black Lung Liabilities
Christine M. Fleming and Alex M. York, of Milliman provided a compelling presentation on the complexities of federal black lung claims at the AIRROC Spring Membership meeting. As coal continues to decline - the number of jobs nationwide fell to about 40,000 last year from 175,000 in the mid 1980s - you would anticipate that the number of claims for black lung occupational … [Read more...] about Challenges of Reserving Federal Black Lung Liabilities
DARAG acquires Guernsey reinsurance captive
DARAG has acquired a Guernsey-based reinsurance captive, marking the group’s second transaction in Guernsey and reinforcing its position in the market and across Europe. Having been in run-off since 2019, the captive’s transaction with legacy acquirer DARAG is part of its cedant owner’s strategic alignment to streamline its business focus. The key business lines of the … [Read more...] about DARAG acquires Guernsey reinsurance captive
Swiss Re acquires Champlain Re in legacy deal
Reinsurance giant Swiss Re has acquired Champlain Reinsurance Company (Champlain Re), a Swiss based run-off reinsurance captive of Alcan Holdings Switzerland AG, a member of Rio Tinto Alcan, in a legacy transaction. Champlain Re’s remaining reinsurance liabilities consist mainly of General Liability and Workers’ Compensation exposures of the Rio Tinto Alcan Group. The … [Read more...] about Swiss Re acquires Champlain Re in legacy deal
