Capital focus to boost legacy sector
The travails of the capital markets and historically low investment returns are concentrating the wider (re)insurance industry on the value that can be unlocked by legacy solutions, senior legacy professionals concluded last month.
Speaking at the annual conference of the recently rechristened Insurance & Reinsurance Legacy Association (IRLA) in Brighton on 21 June, Swiss Re's head of external run-off, Dave Scasbrook, explained that new pressures on carriers were encouraging them to explore options for releasing capital.
"In the current climate,...
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