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Latest Industry News

Rethinking the Tradeoff Between Efficiency, Outcomes, and Claimant Experience

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Speak with any claims leader and they’ll tell you about the importance of improving claimant experience, indemnity outcomes, and operational efficiency. They’ll also quickly acknowledge the invisible tug-of-war that takes place between those three measures, making it seemingly impossible to pull all three in the same direction. If you’ve led claims teams, you’ve likely felt … [Read more...] about Rethinking the Tradeoff Between Efficiency, Outcomes, and Claimant Experience

Howden Re’s Reina offers counterpoint to capital deployment narrative at RVS 2026

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At RVS 2026 in Monte Carlo, Massimo Reina offered a counterpoint to the narrative of reinsurers rushing to deploy record capital. The CEO of Howden Re International told Reinsurance News that competition is intensifying, but discipline, not indiscriminate deployment, is what’s actually characterising the market. As pricing falls, he explained, generating economic value only … [Read more...] about Howden Re’s Reina offers counterpoint to capital deployment narrative at RVS 2026

The changing face of legacy

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Legacy and asset-intensive reinsurance are being reshaped by greater competition, increasingly complex liabilities and rising client expectations. In this Q&A, Alon Neches, chief executive of Fortitude Re, told Bermuda:Re+ILS how the market is evolving, why Bermuda remains central and where the largest opportunities and risks lie for the industry ahead. Looking back over … [Read more...] about The changing face of legacy

Lloyd’s untapped liabilities could emerge as bright spot for legacy

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Lloyd’s could become one of the legacy market’s next meaningful growth opportunities, as softening pricing conditions push managing agents to look for ways to release trapped capital from old years of account. Despite Lloyd’s long-established reinsurance-to-close (RITC) framework, around 75% of syndicates have never undertaken a legacy transaction, according to … [Read more...] about Lloyd’s untapped liabilities could emerge as bright spot for legacy

Largest law firm merger in history creates Hogan Lovells Cadwalader

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From Day One, firm delivers unparalleled practice, sector, and regional strength across key G20 markets as clients face increasing global complexity Hogan Lovells Cadwalader today announced the launch of the combined firm following the merger between Hogan Lovells and Cadwalader, Wickersham & Taft. The combination creates a new force in the legal market – an unmatched … [Read more...] about Largest law firm merger in history creates Hogan Lovells Cadwalader

Munich Re and Lloyd’s move to the top of AM Best’s global reinsurer rankings

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Reinsurance giant Munich Re has reclaimed its spot at the top of AM Best’s ranking of the world’s largest reinsurers for companies that report under IFRS 17, while the specialist Lloyd’s marketplace has moved above Berkshire Hathaway to claim the top spot for non-IFRS 17 reinsurers, based on year-end 2025 figures. It’s important to remember that rating agency AM Best ranks … [Read more...] about Munich Re and Lloyd’s move to the top of AM Best’s global reinsurer rankings

QBE transfers US$1.6bn in long-tail reserves to RiverStone International in second major LPT deal

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QBE Insurance Group is transferring approximately US$1.6 billion of reserves from discontinued North American and international business segments to RiverStone International, in a deal that signals the Australian insurer's continued push to clean up its balance sheet heading into a softening cycle. The loss portfolio transfer agreements are subject to regulatory … [Read more...] about QBE transfers US$1.6bn in long-tail reserves to RiverStone International in second major LPT deal

Non-life insurance run-off deals – H1 2026 review

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Two non-life run-off transactions were publicly disclosed in Q2 2026 with cumulative gross liabilities transacted of approximately $50m. This represents a slowdown in deal announcements from Q1, where 11 deals were disclosed by five acquirers. When compared with H1 2025, overall deal count in H1 2026 (13) is lower than the same period in 2025 (23), whilst the estimated … [Read more...] about Non-life insurance run-off deals – H1 2026 review

Run-off’s evolution: Legacy market grows its influential

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AM Best’s Dan Hofmeister explains how Bermuda’s legacy specialists are turning run-off from a dumping ground for difficult liabilities into a strategic ‘hygiene test’. For years, run-off was viewed as a niche corner of the insurance industry, associated primarily with legacy liabilities, distressed portfolios and some of the market’s most difficult claims. Today, that … [Read more...] about Run-off’s evolution: Legacy market grows its influential

Reinsurance Insights: Summer 2026

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Welcome to the First Edition of Saul Ewing’s Reinsurance Insights. This update summarizes select court decisions, regulatory developments, industry forecasts, and emerging topics, with an emphasis on issues likely to impact claims handling, dispute strategy, and compliance. It is designed as a practical, counsel-focused digest: what changed, what it means, and what to do … [Read more...] about Reinsurance Insights: Summer 2026

US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success

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The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year for the first time. According to a new report from industry financial strength rating agency AM Best, DPW grew 5% in 2025 to about $1.11 trillion. Overall, the industry’s … [Read more...] about US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success

Non-life Part VII transfers

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Part VII transfers are court-sanctioned novations of portfolios of insurance policies from one insurer to another. They are typically used by insurers as a means of disposing of business that no longer fits with their future strategy, achieving both legal and financial finality, or as a means of consolidating business into a single insurer, often following an … [Read more...] about Non-life Part VII transfers

Modernizing Legacy Insurance Operations

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The legacy and captive insurance sector has entered an era defined by complexity. Long-tail liabilities can persist for decades, regulatory expectations are tightening, and transactions such as loss portfolio transfers (LPTs) and insurance business transfers (IBTs) demand a level of operational precision that fragmented systems cannot provide. For organizations managing … [Read more...] about Modernizing Legacy Insurance Operations

Having ILS solutions available and ready in the legacy market is valuable: Creed, RiverStone International

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Andrew Creed, Group President and Group Chief Financial Officer of legacy acquirer RiverStone International, highlighted that as the legacy and run-off market continues to evolve, having insurance-linked securities (ILS) solutions readily available is becoming increasingly valuable for global operators. Speaking with Artemis at the 2026 annual IRLA congress in Brighton, … [Read more...] about Having ILS solutions available and ready in the legacy market is valuable: Creed, RiverStone International

Reinsurance News Brighton Legacy Market Roundtable 2026

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In May, we hosted our second Legacy Market Roundtable in Brighton, in partnership with global reinsurance company Swiss Re, to coincide with the annual meeting of the legacy re/insurance market. The event brought together 13 leaders and experts from across the retrospective ecosystem to examine a market in transition. In partnership with Swiss Re, the 2026 Reinsurance News … [Read more...] about Reinsurance News Brighton Legacy Market Roundtable 2026

Reserve risk transfer moves from legacy solution to strategy

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With insurers facing increasing pressure to deploy capital efficiently and a growing pool of third-party capital entering the sector, the legacy market is undergoing a shift in how it is perceived and used. According to David Quinn (pictured), Managing Director – Underwriting at Compre Group, reserve risk transfer is increasingly being discussed as part of capital planning … [Read more...] about Reserve risk transfer moves from legacy solution to strategy

Legacy market sees more complex capital relief structures: Compre CUO Bardon

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The legacy re/insurance market continues to evolve, with a growing shift towards purely capital relief structures that are increasingly complex and require creative, patient, long-term partners, according to Rachel Bardon, Chief Underwriting Officer (CUO) at Compre. In an interview with Reinsurance News during our visit to Bermuda, Bardon discussed the current state of the … [Read more...] about Legacy market sees more complex capital relief structures: Compre CUO Bardon

Insurance Industry Faces Critical Talent Shortage

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The insurance industry is one built on history and resilience, but it's also one where the future is facing immense uncertainty. By the end of 2026, an estimated 400,000 insurance professionals will have retired in the U.S. since the beginning of 2021, according to the Bureau of Labor Statistics. At the same time, nearly one-third of the current global population is Gen Z. … [Read more...] about Insurance Industry Faces Critical Talent Shortage

Enstar sees significant growth opportunities on the live and legacy side: Dan Sanford

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Following its agreement to acquire Accident Fund Holdings, Inc. (AF Group) alongside positive industry tailwinds, global insurance and reinsurance group Enstar is “excited” about the opportunities ahead, seeing ample room for growth. During a recent trip to Bermuda, Reinsurance News spoke with Dan Sanford, Managing Director, M&A at Enstar, about the Bermuda regulatory … [Read more...] about Enstar sees significant growth opportunities on the live and legacy side: Dan Sanford

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