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Reinsurance News Legacy insurance and reinsurance news News about the legacy insurance and reinsurance market, where legacy liabilities are run-off, transferred or acquired in legacy transactions, allowing their original holders or underwriters to achieve finality on those books of business. DARAG announces two deal closures at year-end 2025 16th January 2026 Legacy acquirer DARAG Group has announced the completion of a portfolio transfer agreement (PTA) of Danish Workers’ Compensation business from Protector, and the signing of a loss portfolio transfer (LPT) and PTA with another European carrier. DARAG Deutschland AG, DARAG’s German insurance carrier, completed the PTA of Protector’s Danish Workers’ Compensation ... Read the full article Allianz Re appoints Florian Steiner as Head of Capital and Legacy Solutions 14th January 2026 Allianz Reinsurance, part of global insurer Allianz, has appointed Florian Steiner as Head of Capital and Legacy Solutions. In his new role, Steiner will oversee capital management and legacy and run-off activities for Allianz Re across Property & Casualty and Life & Health reinsurance. He will report to the Chief Underwriting ... Read the full article Non-life run-off specialists emerge as central capital management partners for insurers: AM Best 12th January 2026 Non-life run-off specialists have moved well beyond their traditional role as managers of discontinued books and are now viewed as core strategic capital partners for insurers, according to a new report from the credit rating agency AM Best. The ratings agency notes that these firms are increasingly helping insurers release capital, ... Read the full article Compre signs LPT Agreement with French insurer Wakam 8th December 2025 Compre Group Holdings Limited, the Bermuda-domiciled international specialist reinsurance group, has signed a Loss Portfolio Transfer (LPT) agreement with French insurer Wakam S.A. (Wakam). Wakam is a B2B2C insurance company that designs tailor-made insurance solutions distributed under white label by more than 100 distribution partners through its Play&Plug® technology platform. The transaction ... Read the full article Reinsurance News Bermuda Legacy Market Roundtable 2025 8th December 2025 In November, we hosted a legacy re/insurance market roundtable, in partnership with RiverStone International, in Hamilton, Bermuda, which saw nine experts and leaders from across the run-off world debate current market dynamics, challenges, and opportunities for the future. The 2025 Reinsurance News Bermuda Legacy Market Roundtable report, in ... Read the full article Pritchard to succeed Creed as RiverStone International UK CEO 5th December 2025 RiverStone International, a global provider of legacy solutions, has announced the appointment of Charlotte Pritchard as UK CEO, effective 5 January, subject to regulatory approval. She will be succeeding Andrew Creed who will become group president on the same date, as previously announced, while continuing his role as group CFO. Pritchard ... Read the full article Bermuda Legacy Roundtable: A more mature, structured market sets the stage for new opportunities 20th November 2025 The global legacy market continues to evolve and respond well to varying seller motivations, and with the live market entering a softer phase and M&A activity increasing, industry experts expect new opportunities for the space. On November 6th, supported by global legacy player RiverStone International, we hosted our Bermuda Legacy Market ... Read the full article YTD legacy deals hit 26 with $1.36bn of gross liabilities transferred: PwC 4th November 2025 According to a new PwC report, three legacy transactions were publicly disclosed in Q3 2025, bringing the year-to-date total to 26 deals with a combined £1.36 billion in gross liabilities transferred. "Consistent with much of the activity observed so far this year, Q3’s transactions were smaller in scale and primarily driven ... Read the full article Lloyd’s to enhance oversight of legacy transactions 3rd October 2025 Lloyd’s, the specialist insurance and reinsurance marketplace headquartered in London, has introduced new oversight measures for legacy reinsurance transactions. These changes, effective from 2025, strengthen the pre-transaction review process to ensure that such deals are aligned with Lloyd’s standards of underwriting discipline, reserving practices, claims handling, capital management, conduct, investments, and ... Read the full article Legacy market’s flexibility key as new exposures emerge: Carrick’s Hernon 17th September 2025 Phil Hernon, Chief Operating Officer of Carrick Holdings, told Reinsurance News at RVS 2025 that as emerging legacy exposures such as cyber, climate, and social inflation continue to grow, the market is demonstrating its ability to adapt, driven by proactive planning and ongoing education. Discussing all things legacy, Hernon explored a ... Read the full article Earnings protection & legacy key themes at RVS 2025: Hochberg, Guy Carpenter 12th September 2025 Speaking with Reinsurance News at RVS in Monte Carlo, Ed Hochberg, Head of Global Risk Solutions for reinsurance broker Guy Carpenter, said that earnings protection and legacy were two key themes from his conversations at this year's event. Earnings protection was a hot topic throughout RVS 2025, and according to Hochberg, ... Read the full article Global non-life run-off reserves exceed $1.1tn: PwC 8th September 2025 PwC's sixteenth September 2025 Global Insurance Run-Off Survey pegs non-life run-off reserves at $1.129 trillion, reflecting growth of 11% since the previous survey, as 25 publicly announced deals from January to August 2025 involved the transfer of an estimated $1.1 billion in gross reserves. This growth, says PwC, is attributable to ... Read the full article Carrick Re completes LPT deal with National Casualty and Nationwide UK branches 7th August 2025 Carrick Group's Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company, UK Branch, ahead of a proposed Part VII transfer. According to Carrick Group, which is a Bermuda-based ... Read the full article Riverstone appoints Enstar’s Brockman as Group CEO, to succeed Tanzer 9th July 2025 Paul Brockman has been appointed as the new group chief executive officer of RiverStone International Holdings, succeeding Luke Tanzer who will be retiring later this year. Additionally, the company also announced the appointment of Andrew Creed as group president, in addition to his responsibilities as group chief financial officer. In a statement ... Read the full article Dovetailing prospective & retrospective solutions the best use of legacy: Jass, Augment Risk 8th July 2025 In a recent interview with Reinsurance News, Jag Jass, Partner - Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines of business, legacy is best used when dovetailing an approach from a prospective and a ... Read the full article
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