runoff insurance business News

Randall & Quilter to Acquire World Marine & General Insurance From BHP

Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of The World Marine & General Insurance Co. from BHP Group Limited. WMG was incorporated in England & Wales in 1894 and was purchased in …

Randall & Quilter to Acquire Inceptum

Randall & Quilter II Holdings Limited has agreed to acquire the entire issued share capital of Inceptum Insurance Co. Inceptum is closed to new business and the company’s principal activities are the run-off of general insurance business, settling claims and …

AXA Liabilities Managers to Acquire RenaissanceRe (UK) Limited in Runoff

AXA Liabilities Managers has agreed to acquire RenaissanceRe (UK) Limited, a company currently in runoff, from RenaissanceRe Holdings Ltd. Formerly known as Tokio Millennium Re (UK) Limited, the UK run-off business was acquired by RenaissanceRe as part of its purchase …

Arch Re Turns Over Discontinued Operations Runoff to Catalina General

Arch Reinsurance Ltd. said that its runoff liabilities from some discontinued operations will now be handled by Catalina General Insurance Ltd. The reinsurance transaction specifically involves some discontinued U.S. specialty casualty exposures and other discontinued U.S. standard programs business. Why …

OneBeacon Selling Runoff Business to Bermuda’s Armour Group

Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon said it will transfer to Armour certain legal entities within the OneBeacon group, which will …