Reinsurance News
Run-off news
News about the insurance and reinsurance run-off market, where legacy liabilities are transferred or acquired in run-off transactions, allowing their original holders or underwriters to achieve finality on those books of business.
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
Allianz Re appoints Florian Steiner as Head of Capital and Legacy Solutions
14th January 2026
Allianz Reinsurance, part of global insurer Allianz, has appointed Florian Steiner as Head of Capital and Legacy Solutions. In his new role, Steiner will oversee capital management and legacy and run-off activities for Allianz Re across Property & Casualty and Life & Health reinsurance. He will report to the Chief Underwriting ... Read the full article
Non-life run-off specialists emerge as central capital management partners for insurers: AM Best
12th January 2026
Non-life run-off specialists have moved well beyond their traditional role as managers of discontinued books and are now viewed as core strategic capital partners for insurers, according to a new report from the credit rating agency AM Best. The ratings agency notes that these firms are increasingly helping insurers release capital, ... Read the full article
Marco completes acquisition of Dublin-based Benteler Re
19th December 2025
European P&C insurance run-off group Marco Capital Holdings has completed its previously announced acquisition of Dublin-based Benteler Re from Benteler Group. Incorporated in January 2003, Benteler Re is a non-life insurance Captive in run-off. According to Marco, the transaction has received all required regulatory approvals and is now fully closed. Simon Minshall, Marco ... Read the full article
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
Marco Capital acquires Stewart Title Europe
4th December 2025
Marco Capital Holdings Limited, a European property and casualty (P&C) insurance run-off group, has acquired Stewart Title Europe Limited, which has been in run-off since the start of 2025. Marco Capital provides reinsurance and finality solutions to re/insurance carriers and corporates to optimise balance sheet efficiency, operational management, and to achieve ... 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
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
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
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