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
Latest Industry News
Munich Re and Lloyd’s move to the top of AM Best’s global reinsurer rankings
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
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
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
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
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
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
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
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
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
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
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
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
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
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
AI is coming for insurance’s middle – but brokers still own the moment that matters
Insurance is running out of room to pretend artificial intelligence is still a side project. For years, the industry has treated AI as a useful but distant prospect: good for pilots, productivity demos and conference panels but not yet central to how business is written, serviced and claimed. That position is becoming harder to defend. Even in July last year, McKinsey was … [Read more...] about AI is coming for insurance’s middle – but brokers still own the moment that matters
Lloyd’s Legacy Report
AON’s Lloyd’s Legacy Report forecasts strong momentum in legacy transactions driven by softer reinsurance conditions, increased M&A activity and focus on historic risk. Read More... … [Read more...] about Lloyd’s Legacy Report
SOA report links Cayman reinsurance to balance sheet strategies of US carriers
US life and annuity insurers are turning to international reinsurance to manage capital and risk, with a Society of Actuaries report identifying the Cayman Islands as part of strategies for balance sheet management and access to global funding. The report, International Reinsurance Landscape Overview for U.S. Life & Annuities, also links this trend to product … [Read more...] about SOA report links Cayman reinsurance to balance sheet strategies of US carriers
Secondary reinsurance market could drive greater capital efficiency, says Howden Re
Reinsurance broker Howden Re has released a new report in which the firm sets out a framework for introducing a secondary reinsurance market, noting that it would allow carriers to more efficiently allocate risk, which would ultimately improve and drive greater overall capital efficiency. The firm’s report explained that reinsurance functions as a type of contingent capital, … [Read more...] about Secondary reinsurance market could drive greater capital efficiency, says Howden Re
Data quality in the insurance sector: How machine learning and AI can drive improvement
In the insurance sector, data is the backbone of every decision, from pricing and underwriting to claims management and risk assessment. Financial departments rely on accurate, complete, and timely data to make sound financial decisions and comply with regulations. This paper highlights what data quality is, why it matters, how it can impact your business, and the best … [Read more...] about Data quality in the insurance sector: How machine learning and AI can drive improvement
