Aspen completes giant $3.57bn LPT with Enstar


Aspen’s mammoth $3.57bn ground-up loss portfolio transfer (LPT) deal with Enstar has completed with the legacy specialist assuming $3.12bn of the Bermudian (re)insurer’s net loss reserves relating to 2019 and prior years.

Eric Haller, Sam Gaynor and Keoni Schwartz

Fleming to build out capital solutions platform with $150mn Altamont investment


Altamont Capital Partners has bought a majority stake in Fleming Holdings and committed $150mn of capital to the platform as it looks to grow with an expanded suite of legacy and prospective capital solutions aimed at middle market P&C carriers, The Insurer can reveal.

PwC legacy map Q1 2022

PwC: Legacy deals surge 28% to $4.2bn in Q1


The total estimated value of legacy transactions executed during the first quarter stood at $4.2bn – compared with $3.3bn in Q1 2021 – as the strong momentum that was observed in the non-life run-off sector in 2021 continued, PwC has said.

Arch premia AmTrust

AmTrust hits back at Premia in High Court RITC case as says costs capped at £1mn


AmTrust International has said it is not responsible for any costs in excess of £1mn incurred by Premia and Arch in the reinsurance to close (RITC) of Lloyd’s Syndicate 1861 in its defence against a $6.7mn High Court claim launched by the two parties.

Arch premia AmTrust

Arch-backed Premia sues AmTrust over RITC of Syndicate 1861


Legacy specialist Premia and parent company Arch have filed a $6.7mn High Court claim against AmTrust International for expenses incurred through the reinsurance to close (RITC) of AmTrust’s now defunct Lloyd’s Syndicate 1861, this publication understands.

QBE and Catalina

Catalina agrees LPT for $334mn QBE North American E&S portfolio


Bermuda-based legacy specialist Catalina Holdings has agreed a loss portfolio transfer (LPT) for QBE’s North American excess and surplus lines prior accident year liabilities.

Coverys, Guy Carpenter and TigerRisk

Coverys brings in GC and Tiger as explores Lloyd’s RITC and managing agency sale


US medical professional liability insurer Coverys is exploring a sale of its managing agency at Lloyd’s as well as a potential reinsurance to close (RITC) of Syndicate 1991 as it undertakes a review of its operations at One Lime Street, The Insurer can reveal.

Polo Marco Capital

Marco to compete with Asta as it completes Capita Insurance deal


Oaktree Capital-backed Marco has completed its acquisition of Capita Insurance Services and will use the platform to compete with Lloyd’s “turnkey” operator Asta.

Andy Hill – McGill and partners

McGill takes Darag COO Hill as expands structured solutions unit


McGill and Partners has further expanded its structured solutions team with the addition of Andy Hill, who joins the intermediary as a partner.

Brian Johnston – Genesis Legacy Solutions

Legacy start-up GLS eyes further LPTs and ADCs in fast-growing US run-off market


Genesis Legacy Solutions, a wholly owned subsidiary of Maiden Holdings, anticipates getting several more loss portfolio transfers and small acquisitions under its belt in 2022 while also continuing to provide adverse development covers as the nascent legacy specialist looks to take advantage of changing run-off attitudes in the US.


Darag strikes deal with North American offshore captive


Run-off specialist and legacy acquirer Darag Group has concluded a novation agreement with an offshore captive insurance company.


Catalina targets 2022 Lloyd’s entry as records net income of $177mn in 2021


Legacy specialist Catalina reported consolidated net income of $177mn for the year ended 31 December 2021, with the Bermuda-headquartered firm confirming that it hopes to secure a Lloyd’s platform in 2022.