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Executives say the American market for non-life transactions is worth $335bn.
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The legacy carrier confirms that former R&Q CFO Booth will take the helm.
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Lawmakers approve an amendment that lightens restrictions on commutation and voluntary restructurings.
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This publication revealed that Evercore had been appointed to explore sale options in April this year.
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The Michael Watson-led carrier is one of three strategic parties in talks to acquire the specialty insurer. -
Berkshire Hathaway is understood to have shown early interest in the UK employers' liability book.
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Regulator has put the capitalisation of Enstar and RiverStone UK EL deals in focus.
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The insurer says it has officially exited the run-off life and annuity business.
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None of the run-off deals in Q1 involved the transfer of asbestos, pollution and other health hazard liabilities.
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Removing language involving commutation of contracts is a key aspect of the legislation.
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Over the past two years, the quality of the accompanying information for capital extraction requests has been inadequate.
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Until New York or California creates a run-off law, legacy transactions commonly done like they are in the UK will never happen.
