Canopius Group, the London-based global specialty re/insurer, announced it has completed a loss portfolio transfer (LPT) agreement with RiverStone International. The agreement covers discontinued classes of business underwritten by Canopius’ Lloyd’s syndicates and will see RiverStone’s Syndicate 3500 indemnify Canopius …
Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance, announced an agreement to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Ltd. (part of the RiverStone International group), an acquirer and …
Brit Ltd. announced it has completed a loss portfolio transfer (LPT) agreement with RiverStone International. The agreement is for predominantly legacy years of account on certain classes and certain discontinued classes of business underwritten by Brit Syndicate 2987 and is …
Compre, the London-based specialist legacy group, announced the completion of its acquisition of a US$417 million legacy liability portfolio of SiriusPoint Ltd., having received all necessary regulatory approvals. The transaction, structured as a loss portfolio transfer, has been underwritten by …
Allianz Suisse Life has agreed to transfer to Resolution Re a legacy portfolio of individual life products, which have a reserve volume of around 4 billion Swiss francs (US$4.3 billion). Using quota share reinsurance, Resolution Re will assume 80% of …
DARAG Group, the Malta-based legacy acquisition company, announced the formal completion of the sale of its active Italian insurance business from DARAG Italia S.p.A to Nobis Compagnia di Assicurazioni. Financial details of the deal were not disclosed. The sale of …
Bermuda-based specialist insurer Hiscox Ltd. has completed a loss portfolio transfer (LPT) agreement with Enstar Group Ltd., whereby Enstar’s Syndicate 2008 will assume historical liabilities for selected lines of Hiscox Syndicate 3624, including the majority of Hiscox USA’s surplus lines …
DARAG Group Ltd., the Malta-based legacy acquirer, announced it has signed a retrospective quota share reinsurance agreement with Protector Forsikring ASA, a multinational general insurance company listed on the Oslo Stock Exchange. DARAG’s German risk carrier, DARAG Deutschland AG (DAG), …
DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further expansion. DARAG purchased SunPoint from Fosun International for …
Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover to AXA XL, a division of AXA. In the transaction, Enstar’s subsidiary will cover losses incurred on or prior to …
