Industry Segments: Legacy Page 1 / 1
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- June 28 2024
IAG secures US$2.8bn 5-year nat cat cover and US$450m long-tail reserve protection
The Australian insurer has bought the additional reinsurance protection from Berkshire Hathaway and Canada Life Re, while the long-tail adverse development cover is provided by Enstar.
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- November 15 2023
KB Insurance completes US$100m loss portfolio transfer deal with Swiss Re
With the Howden Tiger arranged deal, the Korean carrier will transfer its US commercial multiperil and workers’ compensation lines' net loss and unearned premium reserves to the reinsurer as part of the insurer's US branch wind down plan.
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- February 22 2023
Enstar Group in LPT deal with RACQ for 80% of motor liabilities up to accident year 2021
Under the reinsurance deal RACQ will cede net reserves of approximately US$264m.
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- February 17 2023
Enstar signs US$1.9bn LPT deal with QBE
The loss portfolio transfer includes international and North America financial lines.
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- December 7 2022
China Taiping UK completes transfer of EU book to Darag
The legacy decision was taken as a result of the UK's decision to the EU.
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- October 10 2022
Tower completes legacy build-out with Kiwibank deal
The New Zealand carrier will pay US$3.3m for the portfolio, which will be migrated to its flagship Direct channel.
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- October 10 2022
Updated: icare turnaround continues as legacy deal put on ‘hold’
The state-owned insurer, which has been under pressure to reorganise, has announced a new claims model with an expanded panel of service providers.
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- September 13 2022
Opinion: Japanese majors swept up in Lloyd’s legacy zeitgeist
RiverStone’s run-off acquisition of Sompo's Endurance at Lloyd’s marks the end of an era.
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- June 14 2022
Catalina’s Asia Capital Re gets new Asia CEO
Wei-Lyn Loh has been with the reinsurer for seven years.
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- June 4 2020
Carlyle, T&D complete US$1.8bn Fortitude acquisition from AIG
The US major is set to receive US$2.2bn in sale proceeds.
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- December 11 2019
Will Asia’s run-off market catch up with the US?
Catalina’s acquisition of ACR could catalyse market movement.
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- November 27 2019
AIG sells majority of Fortitude Re to Carlyle and Japan’s T&D
The US$1.8bn deal will see the Bermuda-headquartered run-off firm become independent.
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- September 20 2019
Axa completes Munich Re Malaysia legacy transfer
Axa Liabilities Managers' 20th acquisition has gained regulatory approval.
