Latest Transaction Notices

Beverly, Massachusetts, 20 March 2025 RiverStone International today announced that it has signed an agreement with Pacific Valley Insurance Company, a wholly owned subsidiary of Lyft, to provide a loss portfolio transfer reinsurance (LPT) for a commercial auto liability (CAL) portfolio effective from 1 January 2025. Read More... … [Read more...] about RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

Bermuda-domiciled legacy reinsurer Compre Group Holdings Limited (Compre) has announced the completion of its acquisition of the CSE Group, a US subsidiary of Covéa. The CSE Group includes two California-domiciled personal lines insurance carriers that ceased underwriting new business in 2024. This marks the second transaction between Covéa and Compre, reinforcing … [Read more...] about Compre acquires Covéa’s US subsidiary CSE Group

Legacy acquirer DARAG Group has announced that its German insurance carrier, DARAG Deutschland AG, has entered into a portfolio transfer agreement (PTA) with Protector Forsikring ASA for its entire Danish workers’ compensation portfolio, enabling Protector to fully exit this line of business. The transaction, subject to regulatory approval in Norway and Germany, will … [Read more...] about DARAG signs PTA with Protector for Danish workers’ comp portfolio

RiverStone International, the legacy acquisition company, announced it has signed a reinsurance-to-close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500. The net technical provisions as of third quarter 2024 were £62.5 million (US$78.7 … [Read more...] about RiverStone Int’l Signs Reinsurance-to-Close Deal With Asta for 2022 Year of Account

HAMILTON, Bermuda–FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced the signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”) and Unum Life Insurance Company of America (“Unum”), a subsidiary of Unum Group (NYSE: UNM). Upon receipt of regulatory approvals … [Read more...] about Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group

RiverStone International today announced that it has signed an agreement with Pacific Valley Insurance Company, a wholly owned subsidiary of Lyft, to provide a loss portfolio transfer reinsurance (LPT) for a commercial auto liability (CAL) portfolio effective from 1 January 2025. Read More... … [Read more...] about RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

DARAG Group and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, has announced the transfer of a run-off portfolio including motor damage and third party liability, private liability and property business across Germany, Italy and Switzerland.  The transfer of the portfolio is related to the previously announced sale of wefox Insurance AG to … [Read more...] about DARAG & wefox transfer run-off portfolio

LONDON: 17 February 2025 – RiverStone International, the leading acquirer of legacy business in the Lloyd’s market, today announced that it has signed a reinsurance to close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500.  The net … [Read more...] about RiverStone International signs RITC contract for HRP Syndicate 2689’s 2022 year of account

HAMILTON, Bermuda, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) announced today its Lloyd’s syndicate (“Syndicate 2008”), managed by Enstar Managing Agency Limited, has agreed a ground-up loss portfolio transfer (“LPT”) with Atrium Syndicate 609, managed by Atrium Underwriters Limited. The transaction involves Syndicate 609’s discontinued … [Read more...] about Enstar Legacy Syndicate 2008 Agrees $196M LPT Deal with Atrium Syndicate 609

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

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

Global insurance group Enstar is set to be acquired by existing investor Sixth Street in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the deal. Upon closing of the transaction, Enstar shareholders will receive a total of $338.00 in cash per ordinary share of Enstar, which represents … [Read more...] about Sixth Street to acquire Enstar in $5.1bn transaction

Legacy re/insurer Enstar Group has signed an adverse development cover agreement over the equivalent of US$1.7 billion of reserves with a leading Australian insurer.  Bermuda-based Enstar said it will provide the equivalent of US$430 million of excess cover through a subsidiary to long-tail insurance business issued by Insurance Australia Group (IAG). The cover includes … [Read more...] about Enstar provides adverse development cover to Australian insurer

HAMILTON, Bermuda, June 28, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) today announces that one of its wholly owned subsidiaries has completed a transaction to reinsure legacy business written by Accredited Surety and Casualty Company, Inc. and Accredited Insurance (Europe) Limited (together, “Accredited”). Enstar has provided reinsurance in connection with … [Read more...] about Enstar Completes Reinsurance Transaction with Accredited

PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that two of its principal operating subsidiaries entered into a combined loss portfolio transfer and adverse development cover reinsurance agreement with State National Insurance Company, Inc. (“State National”). Under the terms … [Read more...] about James River Announces Legacy Reinsurance Agreement with State National Insurance Company

DARAG Group, a (re)insurance specialist in discontinued business and capital and operational relief, has entered into a service agreement with UnipolSai Assicurazioni S.p.A. (Unipol), an Italian insurer within the Unipol Group. Unipol is a major player in non-life insurance and motor vehicle third-party liability (TPL) in Italy. Under this agreement, DARAG Deutschland AG … [Read more...] about DARAG and UnipolSai form service partnership

HAMILTON, Bermuda, April 30, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) has announced today that one of its wholly-owned subsidiaries has reached an agreement for a loss portfolio transfer with a subsidiary of SiriusPoint Ltd. (“SiriusPoint”) to reinsure a $400 million portfolio of Workers’ Compensation business covering underwriting years 2018 to 2023. Under … [Read more...] about Enstar Agrees $400 Million Loss Portfolio Transfer With Siriuspoint

Legacy acquirer DARAG Insurance Guernsey Limited (DIGL) has announced it is to acquire a Cayman Islands-based re/insurance captive. The firm has signed a sale and purchase agreement (SPA) for a re/insurance captive from a very large multinational corporate that possesses long tail UK employers’ liability (EL) exposure. According to the announcement, DIGL intends to merge … [Read more...] about DARAG to acquire Cayman Islands re/insurance captive