Legacy

Beazley and Korean Re have mutually agreed for their special purpose arrangement (SPA) 6050 to cease underwriting in 2018, The Insurance Insider understands.

Enstar is the frontrunner to reinsure-to-close (RITC) Novae's £850mn ($1.1bn) legacy book after it entered exclusive talks with Axis Capital, The Insurance Insider can reveal

Insurance policy transfer notifications must surely be the missive most likely to languish in the de facto in-tray under the fruit bowl

Legacy acquirer Armour Holdings has secured in-principle approval from Lloyd’s to establish a syndicate as the Lime Street legacy market continues to show signs of being revivified, The Insurance Insider can reveal.

Shares in The Hartford closed down more than 3 percent today in New York after equity analysts lowered earnings estimates in response to the $2.05bn sale of the US insurer's Talcott run-off and annuity unit.

The Hartford has concluded the long-running auction for Talcott Resolution with a deal for the run-off life and annuity business that is worth a lower-than-expected $3bn to the seller.

Nick Steer, is to step down as CEO of Compre in March, the European legacy specialist announced today

UK food retailer Morrisons has been found liable for a data breach caused when an employee leaked staff information, the High Court has ruled.

Asbestos remains a persistent source of industry losses, with an estimated $13bn funding gap between the $100bn projected total liability for the US P&C industry and the $87bn paid out or reserved through last year, according to AM Best data.

Guarantee Insurance, the workers’ compensation carrier that wrote business in more than half the US, is being liquidated by Florida authorities.

European legacy acquirer Compre has agreed to purchase a portfolio of assumed reinsurance liabilities from Allianz Versicherungs AG for an undisclosed sum.

QBE is in exclusive discussions with Armour on a $500mn US legacy book that holds predominantly commercial auto exposures, The Insurance Insider understands.