On February 10, 2026, AIRROC and Mayer Brown co-hosted the Eighth Annual Runoff Deal Market Forum at Mayer Brown’s New York office, where industry experts came together to discuss the latest trends and developments in the insurance legacy market.
The Deal Forum kicked off with welcome and opening remarks from Katie Reynolds, Executive Director of AIRROC, and David Alberts, Partner and Co-Leader of Mayer Brown’s Global Insurance Industry Group. The program featured panels covering the State of the Legacy Market, Federal Policy Implications for Insurance and Reinsurance, and a Practical Due Diligence Training Session, as well as networking breaks and a reception for attendees.
The first panel, “State of the Legacy Market – A Deal Makers’ Roundtable,” was moderated by Mayer Brown partner Vikram Sidhu and featured panelists Dustin Loeffler (Aon), Bill O’Farrell (Premia Holdings Ltd.), Eli Edson (RiverStone International), and Rebecca Wilkinson (PWC). The panel provided an inside look at current conditions shaping legacy transactions, including pricing dynamics, investor appetite, availability and cost of capital, deal structuring trends, and the pipeline for 2026.
The second panel, “Federal Policy Update: Implications for Insurance and Reinsurance,” examined key policy and enforcement developments emerging from Washington that are most likely to affect the insurance and reinsurance industry. The panel included Mayer Brown partners Yuliya Feldman, Justin Herring, Mickey Leibner, and Gina Parlovecchio. The panel members shared their insights on topics such as: federal regulatory and enforcement trends, including DOJ white collar enforcement priorities, FCPA developments, AML/BSA trends, sanctions risk, and federal whistleblower programs; proposals for the abolition of the Federal Insurance Office (FIO) and granting voting status to the state insurance representative on the Financial Stability Oversight Council (FSOC); renewals of the National Flood Insurance Program and the Terrorism Risk Insurance Program as well as a proposed Federal cyber backstop; and CFIUS developments under the Trump administration.
The final panel was a training session titled “Practical Due Diligence for Legacy Deals,” designed as a hands-on session for practitioners conducting diligence on runoff transactions. The panel members were Layla Trummer (Enstar Group), Angela Sampson (Guy Carpenter), and Mayer Brown associates Juliana Toes and Charles Watson (who is also a member of the AIRROC NextGen Council). The training walked through a diligence playbook covering data requests and validation, adverse development analytics, claim file sampling, reinsurance collectability, operational readiness, TPA oversight, collateral and trust mechanics, broker-driven market engagement, key contractual terms, regulatory approvals, and closing deliverables. Panelists shared practical insights on key challenges and success factors for buyers, including setting realistic timelines and managing the coordination of work among internal teams and between seller and buyer.
Further information about the Deal Forum can be found at: https://member.airroc.org/atlas/events/runoff-deal-market-forum-february-2026-45/details.
For information on upcoming AIRROC events, visit: https://www.airrocupdate.org/
