Trend toward fewer but bigger legacy deals to continue: PwC
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Trend toward fewer but bigger legacy deals to continue: PwC

Ayesha Venkataraman
16 February 2023
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The number of legacy deals in 2022, at 48, was lower than in previous years, with 54 and 53 publicly announced deals in 2021 and 2020, respectively, but the trend towards larger deals looks set to continue into 2023, according to PwC.

Last year saw several “very significant deals”, including Aspen’s $3.6bn loss portfolio transfer (LPT) with legacy specialist Enstar in January and multiple deals at Lloyd’s, among others.

 These

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