Legacy
James River inks $160m legacy deal with State National
Bermuda-based carrier enters into loss transfer deal with Markel Group subsidiary for legacy excess and surplus lines casualty business written between 2010 and 2023
Fleming names Garceau as CFO and COO
The appointment rounds off the legacy reinsurer's executive team
Teneo appointed provisional liquidator of R&Q
Michael Morrison, Mark Allitt and Charles Thresh were appointed at a hearing yesterday before the Supreme Court of Bermuda
R&Q agrees sale of Inceptum to Marco Capital
Transaction to sell UK-based legacy company Inceptum comes as R&Q begins winding-down process
R&Q to file for provisional liquidation in Bermuda
Legacy and programme management firm presses ahead with alternative sale structure proposed by Onex Corporation to complete sale of fronting arm Accredited
R&Q warns of liquidation as Accredited sale negotiations continue
Legacy and programme management firm considers alternative sale structure involving liquidation as it warns sale process to Onex has had a ‘material impact’ on the company’s ‘stability as a business and as a going concern’
RiverStone acquires General Electric captive to expand in North America
Acquisition includes Electric Insurance's two subsidiaries, Elm Insurance and Electric Insurance Agency
Compre reserves surge to $1.6bn in 2023
Legacy specialist reports full-year operating profit up 15% to $81m as chief executive hails ‘transformational’ year
Darag acquires another Cayman captive
Deal includes significant long-tail UK employers' liability exposures
R&Q shares plunge amid warning of 'significant' full-year loss
Legacy and programme management firm flags reserve deterioration and rising costs from sale of Accredited business
NY court orders Fleming to complete acquisition of JRG Re
Run-off specialist Fleming had refused to close the transaction to acquire the casualty reinsurer
Legacy reserves exceed $1trn for first time
General liability, motor and financial and professional liability identified as the most attractive lines of business for legacy market, PwC finds
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