Apollo Global Management has injected $700mn into Bermuda run-off heavyweight Catalina ahead of a major run-off deal with Zurich.
London-listed R&Q has agreed to acquire Western Captive Insurance Company Designated Activity Company (WCIC) from the Coffey Group for an undisclosed sum.
Shares in Randall & Quilter Investment Holdings Ltd (R&Q) climbed almost five percent in early trading today on the back of improved full-year forecasts and news of its largest ever legacy acquisition, Global Re.
Randall & Quilter Investment Holdings Ltd (R&Q) has unveiled its largest ever legacy acquisition this morning with the $80.5mn purchase of Global Re, the US arm of reinsurer Gerling Global Re that went into run-off in 2002.
Catalina Holdings has continued to build its stake in embattled carrier Maiden despite being recently trumped by fellow Bermuda run-off firm Enstar Group to acquire $1.3bn of reserves relating to the reinsurer’s North American arm.
Specialist run-off manager, Axa Liabilities Managers has bought the run-off portfolio of Hamburg-based reinsurance company Schwarzmeer Und Ostsee Versicherungs-AG - also known as Sovag.
Legacy acquisition heavyweight Catalina has appointed Parri Spector director of M&A and reinsurance transactions.
London-listed R&Q has announced this morning that it has agreed a $146mn ground-up loss portfolio transfer (LPT) with an unnamed US risk retention group (RRG).
Enstar has acquired Maiden’s North American diversified reinsurance business in a $307.5mn deal that will see the run-off giant take on around $1.3bn in reserves.