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 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.
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.
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 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.
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.
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.
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.
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 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.
BMS targets legacy expansion with Katz move
BMS Group has engaged Mory Katz as a senior consultant to work closely with its reinsurance intermediary arm and support the expansion of its legacy capabilities in the fast-growing segment of the market.
Premia to acquire Navigators European portfolio From The Hartford
Legacy specialist Premia has agreed to acquire Navigators Holdings (Europe) NV from The Hartford.