• Maiden Holdings

    Maiden adds US-focused legacy unit GLS


    Maiden Holdings has announced the addition of a US-focused legacy team comprising former SOBC Darag employees.

  • Vibe Syndicate Management

    R&Q secures exclusivity for Vibe Syndicate run-off


    Soros-backed Vibe Syndicate Management Ltd has entered into exclusive sale talks with R Q with a view to the legacy acquisitions firm taking over Syndicate 5678’s ~£250mn back year reserves, The Insurer can reveal.

  • CVC, Riverstone and Fairfax

    CVC to acquire RiverStone Europe from Fairfax in up to $1bn deal


    Private equity house CVC has agreed to acquire Fairfax Financial’s interests in RiverStone Europe in a deal that will see the Canadian holding company initially receive approximately $750mn for the run-off firm.

  • Cinven, BCI and Compre

    Cinven and BCI to acquire Compre


    Private equity firm Cinven has partnered with fund manager British Columbia Investment Management Corporation (BCI) to acquire legacy specialist Compre from existing shareholders CBPE Capital, Hudson Structured Capital Management (HSCM) and Compre’s management.

  • R&Q Bermuda

    R&Q acquires Bermuda-based captive


    Randall Quilter Investment Holdings (R Q) has announced its wholly owned subsidiary R Q Re (Bermuda) has acquired an unnamed Bermuda-domiciled captive insurance company.

  • R&Q and Sentry

    R&Q gains regulatory approval for first Oklahoma IBT involving separate parties


    Randall Quilter (R Q) has secured approval from the Oklahoma Insurance Commissioner for an insurance business transfer (IBT) of a portfolio of Sentry Insurance reinsurance policies to its National Legacy Insurance Company (NLIC) platform, the first time such a transaction will be undertaken between separate parties.

  • QBE and Guy Carpenter

    QBE returns to the legacy market with $400mn+ dual US back-year deals


    QBE is re-testing the legacy market’s appetite for a circa $300mn portfolio of US back-year liabilities after an initial process announced early in the second quarter did not conclude with a buyer, The Insurer can reveal.

  • Kitsune

    MGA Kitsune enters run-off


    Kitsune Associates, the MGA operated by UK broker Brightside and backed by fronting capacity provider Randall and Quilter (R Q), is to close to new business and enter run-off.

  • Enstar Q3 results

    Profits jump at Enstar on strong investment performance


    Enstar reported third-quarter net profits that surged from $117.7mn to $615.0mn and operating profits that climbed from $32.7mn to $574.4mn driven by strong investment gains in its non-life run-off segment, while Atrium and StarStone returned to underwriting profit.

  • Acappella 2014

    Hamilton pulls Aon-led Acappella RITC process


    Bermudian carrier Hamilton has halted the Aon-run process to find a legacy counterparty to take on the liabilities of its defunct Lloyd’s syndicate Acappella after two shortlisted bidders attempted to impose Covid-19 exclusions on any potential reinsurance to close (RITC), The Insurer can reveal.

  • Randall and Quilter Bermuda

    R&Q restructures Bermuda legacy business under SAC


    Randall Quilter Investment Holdings (R Q) has announced its wholly owned subsidiary R Q Re (Bermuda) has been registered under the Segregated Accounts Companies Act 2000.

  • Darag

    Darag sells active Italian book to Nobis


    Darag has agreed to sell the active underwriting business within its Italian operations to domestic insurer Nobis Compagnia di Assicurazioni.

  • Legacy

    Enstar completes first insurance business transfer in US


    Enstar Group has completed the first ever insurance business transfer (IBT) in the US as Oklahoma won the race to be the jurisdiction facilitating the debut transaction in a move that some have predicted could open the floodgates for legacy deals in the world’s biggest insurance market.

  • II-Accredited

    AM Best affirms R&Q and Accredited subsidiaries


    AM Best has affirmed the A- financial strength and “a- ” long-term issuer credit ratings (ICR) of R Q’s Accredited Surety and Casualty Company (ASC) and Accredited Insurance Europe (AIEL) subsidiaries as it highlighted their pivotal role in the group’s growing program business.

  • R&Q and Tradesman

    R&Q to consider further MGA investments to follow Tradesman stake


    Randall Quilter (R Q)’s management has said the firm will consider further investments in the MGA space having taken a 35 percent stake in New York-based MGA Tradesman in the third quarter.

  • Compre

    Compre names R&Q’s Aguiar CUO of Bermuda platform


    Legacy specialist Compre has named R Q’s Anson Aguiar as chief underwriting officer of Pallas Reinsurance Company Ltd. (Pallas Re), Compre’s newly-launched class 3A Bermudian reinsurer, and revealed it has completed its first US transaction.

  • R&Q

    R&Q’s operating earnings up 30% in H1 2020


    Randall Quilter Investment Holdings Ltd (R Q) said its operating earnings were up 30 percent in the first half of the year as its legacy and program management businesses performed well despite Covid-19 temporarily slowing down deal completion.

  • Arog and Riverstone

    Riverstone strikes £356mn RITC with Argo


    Fairfax-owned Riverstone has once again demonstrated its continued appetite for Lloyd’s legacy business by inking a reinsurance-to-close (RITC) transaction with Argo Syndicate 1200.

  • II-Fleming

    Fleming Re to acquire Bermuda casualty captive


    Bermudian legacy carrier Fleming Re has agreed a deal to buy casualty-focused reinsurance captive Sinclair Insurance Company.

  • Darag, Fosun and SunPoint

    Darag to acquire SunPoint from Fosun


    Legacy specialist Darag is set to acquire the run-off vehicle SunPoint that was previously led by Karl Wall from Fosun, The Insurer can reveal.