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.
RiverStone International completes $1.6bn LPT reinsurance transactions with QBE
30th October 2026
Global legacy acquirer RiverStone International has completed its previously announced loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately $1.6 billion in reserves. The transactions were announced in August, and cover North American Middle Market and Workers’ Compensation portfolios, and also European liability books. Completion further strengthens the long-standing ... Read the full article
For legacy, discipline should sustain, not constrain growth: RiverStone International CEO
20th October 2026
During a fireside chat at the annual AIRROC conference in New Jersey yesterday, Paul Brockman, CEO of legacy specialist RiverStone International, highlighted the difference in underwriting discipline between the live and retrospective markets, emphasising that discipline should sustain rather than constrain growth. The second day of the 2026 AIRROC conference, which ... Read the full article
DARAG completes portfolio transfer from Deutsche Bahn captive DVA Re
20th October 2026
Legacy acquirer DARAG Group has completed the transfer of third-party liability reinsurance portfolio from DVA Reinsurance dac (DVA Re), a captive reinsurance vehicle of German mobility and rail logistics group Deutsche Bahn AG. Covering policies underwritten between 2000 to 2017, the transaction allows DVA Re to free up capital and eliminate ... Read the full article
DARAG to transfer two insurance portfolios to UK carrier DIUK
24th September 2026
Legacy acquirer DARAG Group has received approval from the High Court of Justice, part of the senior courts of the United Kingdom, to transfer two insurance portfolios to its UK carrier, DARAG Insurance UK Limited (DIUK), under Part VII of the Financial Services and Markets Act 2000. The court order was ... Read the full article
Marco Capital agrees to replace Coaction Global as reinsurer for R&Q’s Syndicate 1110
17th September 2026
Marco Capital's RITC Syndicate 1254, a specialised Lloyd’s syndicate that provides Reinsurance to Close (RITC) and legacy run-off solutions for P&C insurance portfolios, has replaced Coaction Global, Inc. as the reinsurer for R&Q’s Syndicate 1110, which was placed into run-off in July 2024. Polo Managing Agency, a wholly owned subsidiary of ... Read the full article
Run-off liabilities reach $2.57bn YTD following slow H1 start: PwC
7th September 2026
Combined gross liabilities of the non-life insurance run-off market reached an estimated $2.57 billion in 2026 year to date, driven by 18 publicly announced deals across eight acquirers, according to data from PwC. The YTD figures demonstrate a robust recovery following a slow start to the year. Only two run-off transactions ... Read the full article
ICW Specialty introduces Legacy Solutions platform, led by Lisa Walsh
20th August 2026
ICW Specialty, the specialty insurance business unit of ICW Group, has launched Legacy Solutions, a new platform designed to help self-insured corporations and other organisations manage and transfer long-term insurance liabilities, with Lisa Walsh to lead the new platform. Legacy Solutions is expected to go to market in September 2026, focusing ... Read the full article
RiverStone International and QBE agree $1.6bn LPT reinsurance agreements
14th August 2026
Legacy reinsurance and run-off specialist RiverStone International has entered into loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately US$1.6 billion in reserves, further strengthening the long-standing partnership between both companies. Subject to regulatory approval, the transactions cover North American Middle Market and ... Read the full article
Run-off deal volumes fall in H1 2026 despite steady underlying demand: PwC
31st July 2026
PwC has published its half-year review of the non-life insurance run-off market, reporting that only two run-off transactions were made public during the second quarter, with combined gross liabilities of roughly $50 million changing hands, a noticeably quieter period than the first quarter, when PwC recorded 11 disclosed deals involving ... Read the full article
RiverStone International closes second LPT with Pacific Valley Insurance
28th July 2026
RiverStone International, a global acquirer and reinsurer of legacy and discontinued insurance business, has signed its second loss portfolio transfer (LPT) reinsurance agreement with Pacific Valley Insurance Company. Pacific Valley is a wholly owned captive insurance subsidiary of the ride sharing company Lyft. In March 2025, RiverStone secured its first LPT ... Read the full article
The legacy market still plays a strategic role: Roundtable
21st July 2026
Although the legacy market is increasingly viewed as a strategic tool rather than simply a reactive solution, with pockets of greater maturity and sophistication emerging, participants at the latest Reinsurance News Legacy Market Roundtable, in partnership with Swiss Re, stressed that the sector still has a predominantly reactive nature. Held on ... Read the full article
Reinsurance News Brighton Legacy Market Roundtable 2026
13th July 2026
In May, we hosted our second Legacy Market Roundtable in Brighton, in partnership with global reinsurance company Swiss Re, to coincide with the annual meeting of the legacy re/insurance market. The event brought together 13 leaders and experts from across the retrospective ecosystem to examine a market in transition. Read the full article
Carrick closes IRB-Brasil UK legacy transfer following High Court approval
23rd June 2026
Bermuda-based international non-life legacy insurer Carrick Group Limited has announced the transfer of the reinsurance contracts of IRB-Brasil Resseguros’ UK branch to Community Reinsurance Corporation Limited by way of an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000. The transfer was reportedly sanctioned by ... Read the full article
DARAG completes portfolio transfer agreement with Ambra Versicherung AG
8th June 2026
Legacy acquirer DARAG Group has announced the completion of a portfolio transfer agreement of a worldwide reinsurance book. The portfolio transfer was completed in May 2026 following DARAG’s acquisition of the entire portfolio from carrier Ambra Versicherung AG (Ambra), which operates internationally. The transaction spans an underwriting period ranging from the 1970s ... Read the full article
Legacy and retrospective reinsurance become a strategic capital tool for cedants: Howden Re
4th June 2026
The use of legacy and retrospective reinsurance has evolved from operational relief to capital and financial target optimisation tools for cedants, Alex Roth, Head of Capital & Operational Solutions, International at Howden Re, highlighted in a recent commentary. Over the past decades, the legacy and retrospective reinsurance market operated under a ... Read the full article
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