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.
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 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
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
Leaders reflect on market shifts at Swiss Re’s first Legacy Market Dialogue
5th May 2026
Global reinsurer Swiss Re’s inaugural Legacy Market Dialogue (LMD) brought together experts from across the expanding P&C legacy marketplace, to debate perspectives and reflect on the state of an increasingly complex and nuanced part of the risk transfer universe. Across February 10th and 11th in Rüschlikon, Switzerland, senior legacy sector ... Read the full article
Non-life run-off deal momentum remained strong in Q1’26, says PwC
1st May 2026
PwC has reported that legacy market momentum continued in the opening three months of 2026, with nine publicly disclosed non-life run-off deals announced by five acquirers, with cumulative gross liabilities of approximately $730 million transacted for the five transactions that disclosed deal values. According to PwC, three of the deals announced ... Read the full article
Aon expects market dynamics to accelerate legacy activity at Lloyd’s
15th April 2026
Despite reduced legacy deal activity in 2024 and 2025 amid relatively benign catastrophe activity and the strong performance of the broader re/insurance market, broking group Aon expects activity to accelerate at the specialist Lloyd's marketplace as capital allocation becomes more disciplined. Insurance and reinsurance broker Aon's April 2026 Lloyd's Legacy Report ... Read the full article
Compre enters into £250m ADC transaction with European reinsurer
23rd March 2026
International specialty reinsurance group Compre has entered into a new in-the-money adverse development cover (ADC) transaction with a European reinsurer. The agreement covers a diversified, Europe-wide liability portfolio with net reserves of approximately £250 million. The portfolio includes motor, engineering, and liability business, spanning assumed reinsurance underwriting years from 2018 to 2024. This ... Read the full article
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