Lloyds, city at night

Barbican drafts in Aon Benfield to manage RITC auction

2018-04-20T14:56:00+01:00

Lloyd’s insurer Barbican has instructed Aon Benfield to evaluate third-party reinsurance to close (RITC) quotes for its back-year liabilities, re-Insurance.com can reveal.

Will bridger

Steer hands over Compre reins to joint CEOs

2018-04-11T09:17:00+01:00

Will Bridger and Mark Lawson have taken over as joint CEOs at run-off specialist Compre.

Port of New Orleans

Accredited inks new 2018 US program partnership deal

2018-04-11T08:05:00+01:00

R&Q’s US insurer Accredited Surety & Casualty Company (Accredited) has inked a new program partnership deal for 2018 and predicts a flurry of additional transactions in the next few months.

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Darag taps R&Q’s Booth as chief exec

2018-04-10T06:15:44.183+01:00

German legacy acquirer Darag has approached Tom Booth, who was on the cusp of becoming the CEO of R&Q, to take the helm after a EUR100mn capital raise, re-Insurance.com understands.

Copenhagen

Barbican and Howden pursued by Danish guarantee fund after Gable failure

2018-04-10T06:15:58.753+01:00

Lloyd’s insurer Barbican and broker Howden have become the latest to find themselves ensnared in the growing construction liability crisis, re-Insurance.com understands.

bermuda hamilton

Catalina paid $272mn for Hartford UK run-off books

2018-04-09T13:07:00+01:00

Legacy acquisition heavyweight Catalina paid The Hartford $272mn last year to acquire its UK run-off businesses, a sum which suggests a discount to their book value.

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Catalina takes 5% stake in Bermudian reinsurer Maiden

2018-04-03T11:10:00+01:00

Run-off giant Catalina has upped its stake in AmTrust’s sister company Maiden, a live-market Bermudian reinsurer, a regulatory filing shows.

Malta, business centre

Darag teams up with New Nordic in live market play

2018-03-26T10:06:00+01:00

Legacy acquisition specialist Darag has partnered with managing general agent- and insurance company- owner New Nordic in move that will allow the run-off buyer to take on run-off books which also contain live business.

Giovanni liverani

Generali Germany CEO hints at P&C acquisitions

2018-03-23T08:30:00+00:00

Generali’s chief executive for Germany Giovanni Leverani has suggested that the company may use the proceeds from its run off of its local life business to fund acquisitions in the P&C sector.

Hamburg

Darag in EUR100mn capital raise as it looks to increase deal firepower

2018-03-22T13:28:00+00:00

Private equity-owned legacy acquirer Darag is looking to raise around EUR100mn as it seeks to grow its war chest and conduct more sizeable deals, re-Insurance.com understands.

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Twelve Capital EUR20m investment at risk from Alpha run-off

2018-03-12T12:26:00+00:00

Insurance fund manager Twelve Capital is at risk of losing its EUR20m ($24.6mn) investment in Danish insurer Alpha, which was put into run-off earlier this month.

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Alpha planned UK insurer launch before regulator intervention

2018-03-08T11:15:00+00:00

Alpha Insurance – the Danish insurer that entered run-off earlier this week – had planned to form a licenced UK insurance company, re-Insurance.com can reveal.