Industry Segments: Run-off Page 1 / 1
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- May 9 2024
Lexasure-owned Front Street Re appoints Edison Fong as CEO
New York-based Fong joins from reinsurer Converge Re, where he was a director focusing on reinsurance in life and annuities markets in the US.
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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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- May 30 2023
Catholic Church Insurance in Australia enters run-off
CCI has been operating since 1911 and says it "has sufficient assets to meet its commitments as they currently stand" as reports suggest historical abuse claims are the reason for closure.
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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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- August 31 2022
Sompo International sells Endurance at Lloyd’s to RiverStone
The deal marks Sompo International's withdrawal from Lloyd's and consolidates its UK presence into a single platform.
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- February 22 2021
Increased regulation to drive Asia Pacific run-off activity: PwC
Region holds US$123bn in non-life run-off reserves – compared with US$385bn in the US.
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- February 9 2021
Antares’s China exit signals run-off opportunity
Sale of legacy businesses could take off in post-Covid environment.
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- February 27 2020
RiverStone confirms re transfer from Aioi Nissay Dowa
Reinsurance arm from the UK branch of the Japanese firm will go into run-off.
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- January 17 2020
China’s Fosun mulls sale of German run-off arm: report
The conglomerate may be looking to offload run-off player Frankfurter Leben.
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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.
