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Darag acquires another Cayman captive

Deal includes significant long-tail UK employers' liability exposures

Cayman Islands Casualty

R&Q shares plunge amid warning of 'significant' full-year loss

Legacy and programme management firm flags reserve deterioration and rising costs from sale of Accredited business 

Bermuda London

NY court orders Fleming to complete acquisition of JRG Re

Run-off specialist Fleming had refused to close the transaction to acquire the casualty reinsurer

Legacy Mergers and Acquisitions

Legacy reserves exceed $1trn for first time

General liability, motor and financial and professional liability identified as the most attractive lines of business for legacy market, PwC finds

International Casualty

Legacy insurance has evolved far beyond money for old rope

Re/insurers are becoming more proactive in managing retrospective risk, industry experts say

Bermuda Legacy

Compre names Mitha group commercial director

Executive will oversee legacy specialist’s business origination in the European and Lloyd’s markets

Bermuda Legacy

Marco Re gets A- rating from AM Best

Legacy specialist gets first rating following formation in December 2023

Guernsey Reinsurance

Darag buys two legacy portfolios in North America captive sector

Guernsey-based legacy acquirer buys firms in Bermuda and Cayman Islands

North America Bermuda

Compre announces global claims and operations function

Consolidated claims function will be led by Simon Hawkins as operations executive managing director

International Legacy

Canopius names Minetti head of medical professional liability

Minetti joins the re/insurer from Coverys syndicate 1975 where she was active underwriter

London Canopius

Darag completes captive acquisition

Legacy specialist acquires portfolio of workers’ compensation business from Hawaii captive insurer

United States Legacy

PRA opens consultation on 'solvent exit' requirements

Requirement for UK insurers to undertake 'solvent exit analysis' and produce specific plans when they leave market could provide opportunities for legacy consolidators

United Kingdom Regulation
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