Reinsurance News

loss portfolio transfers

Enstar announces $520mn LPT for Hiscox

3rd June 2021

A wholly owned subsidiary of Enstar Group Limited has reinsured a diversified portfolio of legacy insurance underwritten by Hiscox Syndicate 3624. The Loss Portfolio Transfer (LPT) between Enstar's Syndicate 2008 and Hiscox includes the majority of Hiscox USA's surplus lines broker business. Through the arrangement, Hiscox has ceded net insurance reserves of ... Read the full article

R&Q in Loss Portfolio Transfer & Insurance Business Transfer with Allianz

24th September 2020

Randall & Quilter Investment Holdings Ltd. (R&Q) has transacted a Loss Portfolio Transfer (LPT) with Allianz SE, Germany, with the close assistance of Black Forest Reinsurance Consulting (BFRC). With this reinsurance transaction, the reinsurance is being provided by Accredited Insurance (Europe) limited, R&Q's rated carrier based in Malta. The transaction provides Allianz ... Read the full article

R&Q to provide adverse development cover for RenRe’s Syndicate 1458

8th September 2020

Randall & Quilter Investment Holdings Ltd. (R&Q) said this morning that it has entered into an agreement with RenaissanceRe Syndicate Management Limited (RSML) that will see it reinsuring Casualty reserves from the 2009 to 2017 years of account for RenRe's Lloyd’s Syndicate 1458. This arrangement had been out for tender to ... Read the full article

Enstar’s Clarendon agrees LPT & ADC reinsurance agreement with StarStone US

12th June 2020

Clarendon National Insurance Company, a wholly-owned subsidiary of Enstar, is to enter into a loss Portfolio Transfer (LPT) and Adverse Development Cover (ADC) reinsurance arrangement with StarStone US. Enstar announced yesterday the recapitalisation of StarStone US, revealing plans for a push back into the property and casualty (P&C) insurance markets, ... Read the full article

Re/insurers’ increasing use of structured solutions to persist: S&P

20th September 2019

Analysts at S&P Global Ratings expect global insurers and reinsurers to increasingly leverage structured solutions to mitigate exposure to legacy business and prune unprofitable non-core products. The global re/insurance market remains competitive and challenging, and as a result, it's expected that companies will continue to strive for improved risk-adjusted returns by ... Read the full article