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Legacy
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James River inks $160m legacy deal with State National
Bermuda-based carrier enters into loss transfer deal with Markel Group subsidiary for legacy excess and surplus lines casualty business written between 2010 and 2023
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Fleming names Garceau as CFO and COO
The appointment rounds off the legacy reinsurer's executive team
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Teneo appointed provisional liquidator of R&Q
Michael Morrison, Mark Allitt and Charles Thresh were appointed at a hearing yesterday before the Supreme Court of Bermuda
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R&Q agrees sale of Inceptum to Marco Capital
Transaction to sell UK-based legacy company Inceptum comes as R&Q begins winding-down process
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R&Q to file for provisional liquidation in Bermuda
Legacy and programme management firm presses ahead with alternative sale structure proposed by Onex Corporation to complete sale of fronting arm Accredited
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R&Q warns of liquidation as Accredited sale negotiations continue
Legacy and programme management firm considers alternative sale structure involving liquidation as it warns sale process to Onex has had a ‘material impact’ on the company’s ‘stability as a business and as a going concern’
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RiverStone acquires General Electric captive to expand in North America
Acquisition includes Electric Insurance's two subsidiaries, Elm Insurance and Electric Insurance Agency
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Compre reserves surge to $1.6bn in 2023
Legacy specialist reports full-year operating profit up 15% to $81m as chief executive hails ‘transformational’ year
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Darag acquires another Cayman captive
Deal includes significant long-tail UK employers' liability exposures
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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
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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
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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
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