Run-off / Legacy

DARAG inks first outsourced service deal with Italy’s Unipol
5 June 2024   DARAG to manage all non proportional open claims related to the runoff of Unipol Re.

Latest Features

Insurance
New ways of looking at legacy insurance, new territories and convergence with live business are causing the market to grow fast. But there could be some bumps ahead, an Intelligent Insurer panel says.
Insurance
A thriving run-off market for the year ahead is still getting mixed signals from developed and emerging economies, a report from GILC has revealed.
Insurance
Despite its size and long track record, run-off specialist RiverStone has not sought the profile of some of its rivals. After a successful 12 months of new deals, that is starting to change, as the company’s Luke Tanzer tells Intelligent Insurer.
Insurance
There have been several interesting transactions in the past six months as a number of serial consolidators have looked to take advantage of a growing desire on the part of insurers to move certain blocks of business off their books
Insurance
As more insurers regard the use of run-off as a mainstream strategic tool, so investors have responded—backing the launch and growth of specialist consolidators geared up to buying and managing portfolios of business in run-off. Intelligent Insurer reports.
Insurance
At the start of 2017 Premia Holdings, a company dedicated to the run-off market, was founded on Bermuda with $500 million of capital—a deal that represented one of the biggest capital raisings in the sector. In an interview first published in sister publication Bermuda:Re+ILS, CEO Bill O’Farrell explains why he expects fast growth in the run-off sector.
Insurance
With the UK non-life sector reaching maturity, legacy acquirers are looking to expand in the US and continental Europe, says Dave Scasbrook of Swiss Re
Insurance
Amid the rapid growth of the run-off market and its changing nature in recent years, some industry practitioners like to predict what the future may hold for the development of this sector. We collated some of these predictions for 2017.
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More News

30 August 2022   The sale follows ‘measured and controlled approach to withdrawing from Lloyd’s.’
30 August 2022   Darag is lining up small-to-mid-sized transactions; next deal due shortly.
17 August 2022   The loss portfolio transaction ups Premia’s tally via Syndicate 1884 to $1.7bn.
15 August 2022   Compre deal said to prove European, US & Lloyd’s legacy appetite from new Bermuda home.
11 August 2022   The runoff specialist looks to take advantage of opportunities in the Vermont captive market.
29 July 2022   Senior exec brings experience in creative deal structuring.
10 December 2021   The subsidiary turned to the legacy market to transfer its EU book of business following Brexit.
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