Lloyds, city at night

Barbican drafts in Aon Benfield to manage RITC auction


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


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


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


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.


Barbican and Howden pursued by Danish guarantee fund after Gable failure


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


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


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


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


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.


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


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


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


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.