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Your definitive guide to the legacy market in 2018

2018-05-14T08:15:00+01:00

The legacy market has switched into overdrive in the last 18 months. Following a busy year of capital raises, start-ups, people moves and - of course - transactions, re-Insurance.com has partnered with the UK-based legacy trade association Irla to take the pulse of the sector with a comprehensive survey of ...

Copenhagen

Darag mints first transaction in New Nordic partnership

2018-05-14T08:29:00+01:00

Legacy specialist Darag has completed its first transaction as part of its recent partnership with investment firm New Nordic in a deal which will see the carrier take on two legacy portfolios of Scandinavian insurer Qudos Insurance.

Hamilton, Bermuda

Munich Re forms $330mn Bermuda life insurer

2018-05-14T07:33:00+01:00

The industry’s largest reinsurer Munich Re has capitalised a run-off Bermuda unit and which it will use as an in-house reinsurer of group subsidiaries.

Simon-Hawkins-Compre

Compre takes QBE’s Hawkins as COO

2018-05-11T10:38:00+01:00

Run-off acquirer Compre has hired Simon Hawkins from Australian insurance giant QBE, the firm announced today (11 May).

Copenhagen

Denmark’s Alpha declared bankrupt in the wake of CBL’s collapse

2018-05-10T10:55:00+01:00

Danish insurer Alpha has been declared bankrupt, debunking earlier claims from the carrier and fronting agent for now-defunct Kiwi firm CBL that is was solvent.

Bermuda

Enstar slips into the red as losses erode Atrium and Starstone profits

2018-05-08T13:44:00+01:00

An increased loss burden ate into Atrium’s profits in the first three months of the year as Enstar’s Lloyd’s arm’s combined ratio spiked 12.1 points to 94.9 percent.