RiverStone Acquires Electric Insurance; Plymouth Rock Gets Renewal Rights June 3, 2024 By Andrew G. Simpson RiverStone International reports it has closed on its acquisition of Electric Insurance Co. and its two subsidiaries, Elm Insurance Co....
Generali to Sell Life Run-Off Portfolio of UK Branch to Reinsurance Group of America May 24, 2019 Generali has signed an agreement to sell the life run-off portfolio of its UK Branch to a subsidiary of Reinsurance...
Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe October 11, 2018 Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity...
RenaissanceRe to Buy Minority Stake in Run-Off Firm Catalina Holdings January 19, 2018 RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance...
Neon Enters Reinsurance Run-Off Agreement for Syndicate 2468’s 2015 & Prior Years December 21, 2017 Neon announced it has entered into a reinsurance to close (RITC) agreement for Syndicate 2468’s 2015 and prior years of...
Zurich to Transfer German Legacy Medical Practice Portfolio to Catalina November 7, 2017 Zurich Insurance Group announced that its subsidiary Zurich Insurance plc has entered into an agreement with Catalina Insurance Ireland DAC...
RSA Insurance Disposes of £834M ($1B) of UK Legacy Liabilities with Enstar February 8, 2017 RSA Insurance announced it has signed contracts, to dispose £834 million (US$1.04 billion) of UK employers’ liability legacy business to...