Legacy mega-deals: Market divided on potential gains from syndication
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Legacy mega-deals: Market divided on potential gains from syndication

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There is a growing argument for syndicated transactions in the legacy market, some players in the run-off space have claimed, as deal sizes swell ever larger and client demand for run-off solutions grows.

Deal sizes in terms of net reserves are now frequently surpassing the $1bn mark in the legacy space, as cedants look to both curb prior-year deterioration and release capital for redeployment in improved live market conditions.

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