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 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
Legacy roundtable: Leaders debate a transitioning retrospective marketplace
28th May 2026
In partnership with global reinsurance giant Swiss Re, Reinsurance News hosted a retrospective roundtable around the 2026 annual meeting of the legacy insurance and reinsurance sector in Brighton earlier this month. Stakeholders from across the evolving space discussed opportunities, challenges, and key market trends. The latest Reinsurance News Legacy Market Roundtable, ... Read the full article
RiverStone absolutely wants to be more proactive on deal origination: Group President & CFO, Creed
27th May 2026
Global legacy acquirer, RiverStone International, is eager to be even more proactive around deal origination, and is also focused on continuing to build on brand and legacy market recognition while taking advantage of new technologies to support its growth ambitions, according to Andrew Creed, Group President and Group Chief Financial ... Read the full article
There’s more to do, but legacy continues to evolve beyond a solution of last resort: Creed, RiverStone International
21st May 2026
The legacy market continues to evolve, and while it has clearly moved away from being a solution of last resort, there’s more work to do to continue building market recognition and resilience in order to capitalise on the opportunities, according to Andrew Creed, Group President and Group Chief Financial Officer ... Read the full article
Legacy market sees more complex capital relief structures: Compre CUO Bardon
14th May 2026
The legacy re/insurance market continues to evolve, with a growing shift towards purely capital relief structures that are increasingly complex and require creative, patient, long-term partners, according to Rachel Bardon, Chief Underwriting Officer (CUO) at Compre. In an interview with Reinsurance News during our visit to Bermuda, Bardon discussed the current ... Read the full article
IRLA Congress: Legacy market matures into strategic capital and operational partner for re/insurers
11th May 2026
The legacy and retrospective reinsurance market is entering a new phase of maturity, driven by growing demand for capital optimisation, operational efficiency and increasingly sophisticated transaction structures. That was the central message from this year’s IRLA Congress & Business Seminar, where industry leaders described a sector that is no longer simply ... Read the full article
Enstar sees significant growth opportunities on the live and legacy side: Dan Sanford
7th May 2026
Following its agreement to acquire Accident Fund Holdings, Inc. (AF Group) alongside positive industry tailwinds, global insurance and reinsurance group Enstar is “excited” about the opportunities ahead, seeing ample room for growth. During a recent trip to Bermuda, Reinsurance News spoke with Dan Sanford, Managing Director, M&A at Enstar, about the ... Read the full article
Compre remains flexible as appetite expands into prospective and capital solutions, says CUO Bardon
5th May 2026
Rachel Bardon, Chief Underwriting Officer (CUO) at international specialty reinsurance group Compre, said the company is expanding its appetite to include more prospective and capital-focused transactions as the legacy market continues to evolve, while remaining rooted in traditional legacy transactions. In an interview with Reinsurance News at Compre’s headquarters in Bermuda, ... Read the full article
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