Europe’s appetite for run-off M&A slowly grows
The parent company of European legacy consultant Chiltington Group has purchased parts of a run-off portfolio from SV SparkassenVersicherung Holding AG (SVH), providing fresh evidence of the growing use of legacy solutions in continental Europe.
The transaction is thought to be in the double-digit millions of euros, according to market sources.
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Hamburger Internationale Re (HIR), a former reinsurer
turned run-off specialist and parent to Chiltington, has seen its
reserves reduced to a large extent in recent years,...
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