“There is a superhero in all of us, we just need the courage to put on the cape.” - Superman That is NOT Peter’s favorite quote. (We will get to that detail later.) But if you speak with Peter’s colleagues, associates, and many friends in the re/insurance business, as we have in preparing this article, you quickly understand that Peter is a superhero to all. What is his … [Read more...] about Spotlight on Peter Scarpato – Let the Adventures Begin!
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NextGen Task Force Corner
The NextGen Task Force proudly presents a new podcast series entitled The Legacy Life, which is going live on September 8th 2021. NextGen has been hard at work developing a bi-weekly podcast series that is designed to introduce young professionals to the legacy (re)insurance space. It will initially be available through Apple Podcast and AIRROC’s website. Come join Task Force … [Read more...] about NextGen Task Force Corner
Compre to acquire SiriusPoint legacy portfolio for $417mn
Compre, the international specialist legacy group, and SiriusPoint have reached an agreement for Compre to acquire a $417 million portfolio of legacy liabilities. The transaction is structured as a loss portfolio transfer and will be underwritten by Compre’s class 3A Bermudian reinsurer, Pallas Reinsurance Company Ltd. (Pallas Re). The portfolio in question comprises … [Read more...] about Compre to acquire SiriusPoint legacy portfolio for $417mn
AIRROC Returns to Jersey City for the 17th Annual NJ Legacy Transactions and Networking Forum
Registration is Open! AIRROC is pleased to be planning our first in-person event since March 2020 -- from Sunday, October 17 through Tuesday October 19, 2021. The AIRROC Board of Directors looks forward to reuniting with our legacy colleagues. Our trusted event host for the past few years will again be The Westin Jersey City Newport, located at 479 Washington Boulevard in … [Read more...] about AIRROC Returns to Jersey City for the 17th Annual NJ Legacy Transactions and Networking Forum
AXA to sell its insurance operations in Singapore for USD 0.6 billion
AXA announced today that it has entered into an agreement with HSBC* to sell AXA Insurance Pte Ltd (“AXA Singapore”). Under the terms of the agreement, AXA will sell AXA Singapore for a total cash consideration of USD 575 million (or Euro 487 million*). The transaction is estimated to result in a negative net income impact of ca. Euro 160 million in AXA Group’ s FY21 … [Read more...] about AXA to sell its insurance operations in Singapore for USD 0.6 billion
