Legacy

Enstar has agreed to assume £417.1mn ($558mn) of net reinsurance reserves from Neon Underwriting Limited in a deal first revealed by The Insurance Insider earlier this week.

Generali has confirmed the sale of about EUR300mn ($353mn) of non-life legacy liabilities from its UK branch to Compre.

Enstar is poised to claim a second major Lloyd's legacy transaction this month after entering exclusive talks to acquire Neon's £410mn ($549mn) legacy book, The Insurance Insider can reveal

Insurers and legacy carriers could see increased claims on old liability policies as a result of litigation from workers' exposure to diesel fumes.

Next year is on course to be the busiest since 2013 for start-ups at Lloyd's, following a swathe of approvals for both full syndicates and special purpose arrangements (SPA).

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