Enstar and Axa XL

Enstar provides ADC for $1.395bn Axa XL long-tail portfolio


Enstar has revealed its newly agreed adverse development cover (ADC) for Axa XL will see it provide two layers of cover for a $1.395bn portfolio.

Armour, Premia and Aquiline

Premia to acquire Armour as PE owner Aquiline rolls investment


Arch-sponsored Premia is to acquire up-for-sale Bermuda-based legacy carrier Armour Group and combine the two businesses in an all-stock deal, The Insurer can reveal.

Compre and Coverys

Compre unveils Lloyd’s RITC deal for Sportscover portfolio


Recently acquired run-off firm Compre has completed a second deal through its new Lloyd’s syndicate with the legacy specialist announcing a reinsurance-to-close (RITC) transaction for Syndicate 3330’s 2018 year of account.

CVC, Riverstone and Fairfax

CVC’s acquisition of RiverStone Europe granted EU approval


The European Commission has approved the acquisition of RiverStone Europe by a vehicle owned private equity house CVC Capital Partners, for a purchase price of $750mn.

Compre and Apollo

Compre launches Lloyd’s syndicate with $125mn Apollo RITC as first transaction


Compre is to target mid-market portfolios within the growing Lloyd’s legacy space after fulfilling its longstanding ambition to establish its own Lloyd’s syndicate.

CNA and Enstar

Enstar completes $690mn CNA workers’ comp legacy reinsurance deal


Legacy-to-live powerhouse Enstar Group has completed its previously announced $690mn deal with a subsidiary of CNA Group to reinsure a portfolio of excess workers’ compensation business.

Chris Fagan and Bruce Hemphill – Cataline

Catalina co-founder and CEO Fagan to exit; succeeded by Hemphill


Run-off specialist Catalina’s CEO and co-founder Chris Fagan is to step down from the helm after over 15 years in the top role and is to be succeeded by chairman Bruce Hemphill.

Zsolt Szalkai

Marco takes former Premia EU president Szalkai for head of M&A


Start-up legacy specialist Marco has hired Zsolt Szalkai to take on the role of managing director and head of M&A.


Catalina UK continues board overhaul as names Mason chair and Shaw as non-exec


The UK arm of run-off specialist Catalina has appointed Tony Mason as chair and Penny Shaw as a non-executive director, marking the latest changes to the board since the firm was handed a Section 166 review by the Financial Conduct Authority in the summer of 2019.


Uniform process and regulatory acceptance to drive IBT in US legacy market


Uniformity of the process and regulatory acceptance are vital if insurance business transfers (IBTs) are to become a mainstream solution for run-off liabilities in the estimated $350bn US legacy market, according to BMS senior consultant Mory Katz.

Marco and  British Reserve Insurance Company Ltd

Marco completes Allianz BRIC deal to secure UK platform


European P&C run-off specialist Marco has completed its acquisition of British Reserve Insurance Company Ltd (BRIC), a UK non-life insurance company, from Allianz.

R&Q, Inceptum and BHP

R&Q completes Inceptum and WMG legacy acquisition deals


Randall & Quilter Investment Holdings has begun 2021 by completing the previously announced acquisitions of Vibe Group subsidiary Inceptum Insurance Company Ltd and The World Marine & General Insurance Company.