Tower completes legacy build-out with Kiwibank deal
October 10 2022 by Mithun Varkey
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IAG secures US$2.8bn 5-year nat cat cover and US$450m long-tail reserve protection
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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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KB Insurance completes US$100m loss portfolio transfer deal with Swiss Re
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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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Enstar Group in LPT deal with RACQ for 80% of motor liabilities up to accident year 2021
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Under the reinsurance deal RACQ will cede net reserves of approximately US$264m.
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Enstar signs US$1.9bn LPT deal with QBE
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The loss portfolio transfer includes international and North America financial lines.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
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