Reinsurance News
portfolio transfer
DARAG announces two deal closures at year-end 2025
16th January 2026
Legacy acquirer DARAG Group has announced the completion of a portfolio transfer agreement (PTA) of Danish Workers’ Compensation business from Protector, and the signing of a loss portfolio transfer (LPT) and PTA with another European carrier. DARAG Deutschland AG, DARAG’s German insurance carrier, completed the PTA of Protector’s Danish Workers’ Compensation ... Read the full article
Monument Re completes €1.4bn portfolio transfer with RGA
9th May 2025
Monument Re Limited, a life insurance reinsurer and insurance holding company, has completed the transfer of a legacy €1.4 billion reinsurance portfolio, comprising annuity and other life insurance liabilities from its 2020 Greycastle acquisition, to RGA Americas Reinsurance Company, Ltd.. Completed on May 2, the transaction releases capital resources that ... Read the full article
DARAG signs PTA with Protector for Danish workers’ comp portfolio
4th April 2025
Legacy acquirer DARAG Group has announced that its German insurance carrier, DARAG Deutschland AG, has entered into a portfolio transfer agreement (PTA) with Protector Forsikring ASA for its entire Danish workers’ compensation portfolio, enabling Protector to fully exit this line of business. The transaction, subject to regulatory approval in Norway and ... Read the full article
Chesnara acquires portfolio with £1.5bn AUM from Canada Life UK
24th December 2024
Chesnara, the European life and pensions consolidator, has acquired a closed portfolio of unit linked bonds and legacy pension business of approximately 17,000 policies and £1.5 billion in total assets under management (AUM) as at 31st, December 2023, from Canada Life Limited (Canada Life UK). The policies are expected to transfer ... Read the full article
Fannie Mae closes sixth 2024 CIRT, transfers $160.9m of mortgage credit risk to re/insurers
20th November 2024
Fannie Mae, a government-sponsored enterprise and provider of mortgage financing in the United States, has completed a new Credit Insurance Risk Transfer transaction, CIRT 2024-H3, transferring $160.9 million of mortgage credit risk to private insurers and reinsurers. The covered loans for the transaction consist of approximately 19,000 single-family mortgage loans with ... Read the full article
R&Q receives approval for Insurance Business Transfer
26th November 2020
Randall & Quilter Investment Holdings has received approval for an Insurance Business Transfer to take place between its subsidiary National Legacy Insurance Company's portfolio and Sentry Insurance a Mutual Company. The transaction has been approved by the Oklahoma Insurance Commissioner, to which the application included extensive financial information, along with a ... Read the full article
Pen Underwriting consolidates portfolios in £550mn deal with Legal & General
10th May 2018
Pen Underwriting, a multi-territory managing general agent (MGA), has consolidated 15 UK household and SME portfolios into a five-year, £550 million, single quota share arrangement led by Legal & General. The creation of a single ‘master’ binder for Pen’s UK household and SME business will benefit both its customers and distribution ... Read the full article
Monument Re acquires run-off portfolio from Ethias S.A.
17th April 2018
Monument Re has announced an agreement that will see it acquire a run-off portfolio of flexible premium retail life insurance contracts from Belgian insurer Ethias S.A., known as the First A Portfolio. The portfolio will be taken over by Laguna Life DAC, an Irish domiciled re/insurer and wholly owned subsidiary of ... Read the full article
First run-off portfolio transfer insurer established in Rhode Island
28th March 2017
The first insurance license allowing a company to undertake run-off portfolio transfer solutions has been granted in Rhode Island, a first for the state. ProTucket Insurance Company has been granted a license that sees it become the first Rhode Island domestic insurer established specifically for providing run-off portfolio transfer solutions, thanks ... Read the full article
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