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The New Zealand High Court has put CBL Insurance into liquidation at the request of the country's insurance regulator.
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AmTrust is seeking a reinsurance-to-close (RITC) transaction for the four most recent years of account at Syndicate 2526.
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Catalina's agreed deal to acquire a $166mn legacy book held by Illinois-based Public Service Insurance Company (PSIC) has been terminated, re-opening the sale to other parties, according to court papers.
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The Greek auxiliary fund, Epikouriko Kefaleo, has approached the legacy market for ideas as to how to address about EUR300mn-EUR400mn ($369.3mn-$493.2mn) in liabilities relating to motor claims, The Insurance Insider understands.
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Enstar has agreed to acquire the outstanding 52 percent of total return reinsurance joint venture KaylaRe in a $400mn all-paper deal, the New York-listed insurance group said today.
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A consortium of investors led by legacy carrier Armour has acquired Gibraltar-based insurer Elite Insurance Company and affiliate Elite Business Development, both of which ceased writing business in July 2017.
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Catalina’s new backing from RenaissanceRe opens the door to a number of new capabilities and potential business opportunities for the legacy carrier.
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Run-off and legacy management is rising up boardroom agendas to become a medium-to-high priority for firms, research from PwC has found. -
RenaissanceRe has agreed to make a minority investment in legacy specialist Catalina, confirming an earlier report by The Insurance Insider, as it continues to diversify beyond P&C reinsurance.
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RenaissanceRe is on the verge of making a minority investment in legacy specialist Catalina, as it continues to diversify beyond P&C reinsurance, The Insurance Insider can reveal.
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The value of non-life run-off liabilities has reached an estimated $730bn globally, according to PwC.
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Quest is the frontrunner in the auction for Sovag's EUR170mn ($203mn) legacy book, having re-entered the process with an 11th-hour bid, The Insurance Insider has learned.
