Legacy
Axis completes $3.1bn Enstar legacy deal
Bermuda-based carrier completes loss portfolio transfer primarily tied to pre-2022 casualty business
Compre acquires Covéa unit
Legacy specialist completes acquisition of US personal lines subsidiary CSE Group
Darag strikes legacy deal with Soteria
Legacy specialist agrees loss portfolio transfer of bloc of UK commercial policies in run-off
RiverStone secures RITC deal with Asta
As part of the deal, the 2022 underwriting year of account for Hampden Risk Partners syndicate 2689 will be transferred into RiverStone’s syndicate 3500
Lloyd’s RITC deals expected to pick up in 2025
Increased reinsurance-to-close activity to follow ‘relatively fallow period’ seen recently at Lloyd’s
Atrium inks legacy deal with Enstar
Lloyd's carrier will transfer net loss reserves of approximately $196m
RiverStone closes acquisition of Darag’s North American operations
Legacy specialist looks to boost presence in North America and Bermuda markets
Axis strikes $2.3bn legacy deal with Enstar
Loss portfolio transfer deal is primarily attributable to casualty business written during pre-2022 underwriting years
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
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