Bermudian legacy specialist Enstar Group has completed a transaction to reinsure certain US asbestos and environmental liability insurance portfolios of Zurich North America.
Bermudian (re)insurer Argo Group has begun to narrow down the list of potential counter-parties on a major $387mn run-off deal for its long-tail US liabilities.
Run-off specialist Darag has named Andrew Hill chief operating officer.
Legacy specialist Compre has outlined its intentions to gain a foothold in Lloyd’s of London by next year after narrowly missing out in its bid for the Standard Syndicate.
Legacy and live carrier Enstar Group has agreed a deal to buy Aus$228.2mn ($156.2mn) of run-off portfolios from the Australian branches of Munich Re’s Great Lakes Insurance and HSB Engineering Insurance.
Legacy specialist Darag is set to acquire Zurich’s German architects and engineers (A&E) professional indemnity insurance portfolio for Eur180mn ($204mn).
Legacy acquirer Darag has named James Insley as Group chief financial officer, replacing James Halley who will leave the business in mid-September.