Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Endurance in $25-$30mn Glacier Re renewal rights and retro deal

10 September 2010

Bermudian (re)insurer Endurance has bought a part of in run-off Glacier Re's international and US property catastrophe and global specialty reinsurance business through a quota-share treaty and renewal rights deal.

Under the deal which is effective immediately, Endurance will quota share selected treaties within Glacier Re's portfolio.

Endurance will then work with Glacier Re to renew the accounts and will pay commissions to the firm contingent on the premiums written under the quota share treaty and accounts being renewed by...

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