Reinsurance run-off group, Premia Holdings Ltd., has agreed to acquire Armour Re Ltd., a Bermuda-based P&C legacy reinsurer and a wholly-owned subsidiary of Armour Group Ltd., in an all-share transaction. Armour Group is an Aquiline Capital Partners LLC portfolio company and in concurrence with the acquisition, an investor group led by Aquiline is making a growth equity … [Read more...] about Premia to acquire Armour Re; secures Aquiline-led equity investment
Latest Market Update
New German Restructuring Regime (StaRUG): An Introductory Guide
The new German stabilizing and out of court restructuring regime came into effect on 1 January 2021. The “Stabilization and Restructuring Framework of Companies Act”, known as StaRUG1 , heralds a new phase in the German restructuring landscape, introducing a framework of tools including a new restructuring plan, which will enable debtors to restructure and cram down minority … [Read more...] about New German Restructuring Regime (StaRUG): An Introductory Guide
Global Insurance Run-off Survey 2021
Welcome to the thirteenth edition of PwC’s Global Insurance Run-off Survey, which has been produced in conjunction with IRLA and AIRROC. The growth in legacy activity predicted in the last edition of this survey has materialised, boosted by significant investment in both new and existing legacy players. The market has maintained its momentum, with over 100 legacy deals publicly … [Read more...] about Global Insurance Run-off Survey 2021
2021 Insurance Outlook: Accelerating recovery from the pandemic while pivoting to thrive
In our 2021 insurance outlook, 200 industry leaders weighed in on their companies’ COVID-19 recovery efforts. How can the emerging lessons serve as a catalyst for business transformation? READ MORE... … [Read more...] about 2021 Insurance Outlook: Accelerating recovery from the pandemic while pivoting to thrive
NAIC Adopts New Rule Allowing Rebating
The NAIC Executive Committee unanimously adopted an amendment to the NAIC Unfair Trade Practices Model Act (Model Law #880) on December 9, 2020. This amendment will allow insurers and producers to “rebate” consumers. With the exception of California and Florida, and until most recently, states have enforced strict anti-rebating laws, considering non-compliance as a serious … [Read more...] about NAIC Adopts New Rule Allowing Rebating
Captive International US Focus 2020
Captive International reports on the increasingly vibrant US legacy market, where captives are divesting themselves of older liabilities to focus on new opportunities. Check out the "Embace your Legacy" article which quotes AIRROC's 2020 Person of the Year, Paul Corver and Executive Director, Carolyn Fahey. READ MORE... … [Read more...] about Captive International US Focus 2020
