R&Q

R&Q completes $60mn LPT for California self-insurance pool

2022-12-05T08:07:00+00:00

R&Q has completed a loss portfolio transfer for a California-based self-insurance pool through its subsidiary Accredited Surety and Casualty Company.

Darag and China Taiping Insurance

Darag completes its first Part VII transfer with China Taiping Insurance

2022-12-05T09:54:00+00:00

Legacy acquirer Darag Group has received court approval for its German insurance carrier, Darag Deutschland AG, to complete a Part VII transfer with China Taiping Insurance (UK) Co Ltd (CTI).

Kitsune Associates

MGA Kitsune enters run-off after reinsurance pulled

2022-11-29T07:59:00+00:00

Specialist motor insurance MGA Kitsune has entered run-off and appointed administrators after its reinsurance renewal was declined at the end of October, The Insurer understands.

IM-argo-enstar-Bermuda

Argo’s $1.1bn LPT transaction with Enstar closes

2022-11-10T15:11:00+00:00

Enstar has closed its previously announced loss portfolio transfer (LPT) with Argo Group, with the deal closing the same week that Argo said it has recognised $37.7mn of prior year development that falls within the $75mn retained loss corridor.

IM-Conifer-Fleming-MichiganMap

Conifer agrees $20mn ADC for 2019 and prior with Fleming Re

2022-11-07T22:33:00+00:00

Specialty carrier Conifer Holdings has secured a $20mn adverse development cover for accident years leading up to 2019 after agreeing a loss portfolio transfer (LPT) deal with Fleming Re.

Premia, Global Risk Capital and SPX

Premia and Global Risk Capital venture Canvas acquires SPX’s legacy asbestos liabilities

2022-11-04T10:16:00+00:00

Premia Holdings and Global Risk Capital-backed joint venture Canvas Holdco has acquired three subsidiaries of SPX Technologies which hold the group’s asbestos liabilities and related insurance assets.

Enstar Q3 results

Enstar posts $444mn Q3 loss driven by investment volatility

2022-11-03T13:40:00+00:00

Run-off specialist Enstar has reported a third quarter net loss of $444mn – compared to a loss of $196mn in the prior-year period – driven by unrealised losses on fixed income securities in its investment portfolio.

Jens Ziser BFRC

Legacy remains seller’s market despite inflationary challenges

2022-10-24T04:08:00+01:00

The competitiveness of the European non-life legacy sector means it is “still a seller’s market” despite increasing inflationary pressures across the continent, according to Jens Ziser, managing director of Black Forest ReInsurance Consulting (BFRC).

R&Q and Catalina

R&Q hires Catalina duo after legacy exits

2022-10-20T07:07:34.633+01:00

Legacy specialists R&Q and Catalina have both made hires from their rivals in recent weeks as the battle for talent in the run-off space intensifies.

Compre

Compre continues European medmal build-out with deal for Covéa Irish subsidiary

2022-10-20T08:43:00+01:00

Compre has continued to build out its European medical malpractice legacy portfolio with the acquisition of Medical Insurance Company DAC (MIC).