Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Run-off M&A picks up autumnal steam

6 October 2009

The season of mists and mellow fruitfulness is also yielding a bountiful harvest of legacy transactions, not least with the sale of two prominent run-off entities.

September saw London-listed Tawa plc trump rivals in the tender for Swiss Re's UK P&C legacy business, Pro Group, while Bermudian-domiciled legacy giant Enstar picked up RSA Group's legacy portfolio, British Engine.

And as the falling leaves settle on the deals, industry insiders offered their opinions on the relative merits of the transactions.

Expansive...

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