HAMILTON, Bermuda, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has reached an agreement to provide a ground-up Loss Portfolio Transfer (“LPT”) with certain subsidiaries of QBE Insurance Group Limited (“QBE”). The transaction involves a diversified portfolio of US commercial liability and … [Read more...] about Enstar to Enter $376 Million Loss Portfolio Transfer with QBE
Regulatory
DARAG inks deal to divest North American, Bermuda entities to RiverStone
Legacy acquirer DARAG Group has announced the planned sale of its North American and Bermuda business entities to RiverStone Group. The transaction, which is subject to regulatory approvals, is expected to be completed by the end of the year. DARAG highlights that both its North American and Bermuda operations have established a solid presence in their niche … [Read more...] about DARAG inks deal to divest North American, Bermuda entities to RiverStone
Transactions, Transactions, Transactions – What is New and Notable in Runoff Structures?
The closing educational session of the July 2024 AIRROC Summer Membership Meeting was led by panelists Dareen Amireh, SVP, QBE North America, Charles Collis, Director, Conyers Dill & Pearson Ltd., Allison Tam, Partner, Willkie Farr & Gallagher LLP, Michael Terelmes, Managing Director USA, Compre Group and PK Paran, Partner, Willkie Farr & Gallagher. This session … [Read more...] about Transactions, Transactions, Transactions – What is New and Notable in Runoff Structures?
Legacy P&C Runoffs and Insolvency Challenges
Roger Schmelzer, President and CEO of the National Conference of Insurance Guaranty Funds (“NCIGF”), and Rowe Snider, partner at Locke Lord LLP, provided insight on how a runoff company might smooth a transition to insolvency, including ways in which the NCIGF could assist in the process. A replay of the presentation is available in the AIRROC On Demand library. To provide … [Read more...] about Legacy P&C Runoffs and Insolvency Challenges
We need to talk about exit solutions
Exit strategies, a critical yet often under-discussed aspect of the captive insurance lifecycle, are essential for captive owners planning their future transitions. Although these strategies can be complex and sensitive, which might not suit early conversations with prospective captive owners, more transparent discussions about the strategies involved, and when they are … [Read more...] about We need to talk about exit solutions
