Legacy
James River strikes $75m ADC with Enstar
Bermuda-based carrier takes further steps to protect US casualty book from adverse development as it swings to third-quarter loss
Enstar shareholders approve $5.1bn acquisition by Sixth Street
Acquisition of legacy specialist now expected to close in mid-2025
Legacy activity picks up in Q3
Third quarter sees 15 public deals with $2.6bn of gross liabilities transacted, compared with eight deals in the first six months of 2024
Enstar acquires Bermudian reinsurer through ILS deal
Acquired business underwrote property reinsurance business from 2020 to 2023 on behalf of third-party investors
RiverStone completes loss portfolio transfer with QBE
RiverStone’s loss portfolio agreement covers multiple QBE subsidiaries, including its Lloyd’s syndicates
Enstar closes $400m LPT deal with SiriusPoint
Bermuda-based carrier reinsures book of workers’ compensation business covering underwriting years 2018 to 2023
Lloyd’s is taking a common sense approach to market discipline
Continued warnings about complacency belie the fact the market is heading in the right direction
Legacy business rebounding in 2024: PwC
Despite a turbulent 12 months, recent deal activity suggests the market for legacy transactions remains strong
Sixth Street's Enstar acquisition survives 'go-shop' period
Legacy specialist Enstar solicited bids from 34 potentially interested third parties but received no additional offers
Enstar closes $442m long-tail reinsurance deal with IAG
Legacy specialist will provide Australian heavyweight with adverse development cover for specific long-tail insurance businesses
Compre executes legacy transaction with Accelerant
Transaction will provide risk exchange with around $150m of cover on loss reserves
Enstar enters into $376m LPT deal with QBE
The legacy deal relates to a diversified book of US commercial liability and workers' compensation business
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