Reinsurance News
Legacy insurance and reinsurance news
News about the legacy insurance and reinsurance market, where legacy liabilities are run-off, transferred or acquired in legacy transactions, allowing their original holders or underwriters to achieve finality on those books of business.
Compre signs LPT Agreement with French insurer Wakam
8th December 2025
Compre Group Holdings Limited, the Bermuda-domiciled international specialist reinsurance group, has signed a Loss Portfolio Transfer (LPT) agreement with French insurer Wakam S.A. (Wakam). Wakam is a B2B2C insurance company that designs tailor-made insurance solutions distributed under white label by more than 100 distribution partners through its Play&Plug® technology platform. The transaction ... Read the full article
Reinsurance News Bermuda Legacy Market Roundtable 2025
8th December 2025
In November, we hosted a legacy re/insurance market roundtable, in partnership with RiverStone International, in Hamilton, Bermuda, which saw nine experts and leaders from across the run-off world debate current market dynamics, challenges, and opportunities for the future. The 2025 Reinsurance News Bermuda Legacy Market Roundtable report, in ... Read the full article
Pritchard to succeed Creed as RiverStone International UK CEO
5th December 2025
RiverStone International, a global provider of legacy solutions, has announced the appointment of Charlotte Pritchard as UK CEO, effective 5 January, subject to regulatory approval. She will be succeeding Andrew Creed who will become group president on the same date, as previously announced, while continuing his role as group CFO. Pritchard ... Read the full article
Bermuda Legacy Roundtable: A more mature, structured market sets the stage for new opportunities
20th November 2025
The global legacy market continues to evolve and respond well to varying seller motivations, and with the live market entering a softer phase and M&A activity increasing, industry experts expect new opportunities for the space. On November 6th, supported by global legacy player RiverStone International, we hosted our Bermuda Legacy Market ... Read the full article
YTD legacy deals hit 26 with $1.36bn of gross liabilities transferred: PwC
4th November 2025
According to a new PwC report, three legacy transactions were publicly disclosed in Q3 2025, bringing the year-to-date total to 26 deals with a combined £1.36 billion in gross liabilities transferred. "Consistent with much of the activity observed so far this year, Q3’s transactions were smaller in scale and primarily driven ... Read the full article
Lloyd’s to enhance oversight of legacy transactions
3rd October 2025
Lloyd’s, the specialist insurance and reinsurance marketplace headquartered in London, has introduced new oversight measures for legacy reinsurance transactions. These changes, effective from 2025, strengthen the pre-transaction review process to ensure that such deals are aligned with Lloyd’s standards of underwriting discipline, reserving practices, claims handling, capital management, conduct, investments, and ... Read the full article
Legacy market’s flexibility key as new exposures emerge: Carrick’s Hernon
17th September 2025
Phil Hernon, Chief Operating Officer of Carrick Holdings, told Reinsurance News at RVS 2025 that as emerging legacy exposures such as cyber, climate, and social inflation continue to grow, the market is demonstrating its ability to adapt, driven by proactive planning and ongoing education. Discussing all things legacy, Hernon explored a ... Read the full article
Earnings protection & legacy key themes at RVS 2025: Hochberg, Guy Carpenter
12th September 2025
Speaking with Reinsurance News at RVS in Monte Carlo, Ed Hochberg, Head of Global Risk Solutions for reinsurance broker Guy Carpenter, said that earnings protection and legacy were two key themes from his conversations at this year's event. Earnings protection was a hot topic throughout RVS 2025, and according to Hochberg, ... Read the full article
Global non-life run-off reserves exceed $1.1tn: PwC
8th September 2025
PwC's sixteenth September 2025 Global Insurance Run-Off Survey pegs non-life run-off reserves at $1.129 trillion, reflecting growth of 11% since the previous survey, as 25 publicly announced deals from January to August 2025 involved the transfer of an estimated $1.1 billion in gross reserves. This growth, says PwC, is attributable to ... Read the full article
Carrick Re completes LPT deal with National Casualty and Nationwide UK branches
7th August 2025
Carrick Group's Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company, UK Branch, ahead of a proposed Part VII transfer. According to Carrick Group, which is a Bermuda-based ... Read the full article
Riverstone appoints Enstar’s Brockman as Group CEO, to succeed Tanzer
9th July 2025
Paul Brockman has been appointed as the new group chief executive officer of RiverStone International Holdings, succeeding Luke Tanzer who will be retiring later this year. Additionally, the company also announced the appointment of Andrew Creed as group president, in addition to his responsibilities as group chief financial officer. In a statement ... Read the full article
Dovetailing prospective & retrospective solutions the best use of legacy: Jass, Augment Risk
8th July 2025
In a recent interview with Reinsurance News, Jag Jass, Partner - Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines of business, legacy is best used when dovetailing an approach from a prospective and a ... Read the full article
Reinsurance News Legacy Market Roundtable 2025
3rd July 2025
Around the annual meeting of the legacy re/insurance market in Brighton, UK, in May, we hosted our inaugural Legacy Market Roundtable, in partnership with global reinsurance company, Swiss Re, during which 11 experts from across the retrospective world discussed key trends, opportunities, and challenges for the market. Read the full article
Ambac updates timing of legacy financial guarantee business sale to Oaktree
18th June 2025
Ambac Financial Group, Inc., an insurance holding company, has provided an update on the timing of the sale of its legacy financial guarantee businesses to funds managed by Oaktree Capital Management, L.P., and on the extension of the maturity date of its outstanding credit facility. The $420 million cash sale of ... Read the full article
Legacy Roundtable: Stakeholders eager to close perception gap & advance run-off market
18th June 2025
Around the annual meeting of the legacy insurance and reinsurance marketplace in Brighton, UK, last month, we hosted a roundtable discussion in partnership with global reinsurer Swiss Re, during which experts from across the market discussed trends, opportunities and challenges for the run-off world. Held on May 12th, 2025, it was ... Read the full article
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