reinsurance run-off News

Randall & Quilter Acquires Captive Insurer Clariant Insurance AG

R&Q Insurance (Malta) Ltd. (R&Q) announced it has acquired the entire issued share capital of Clariant Insurance AG from its owners Clariant AG. Clariant Insurance, or CI, was formed in 2005 as the Liechtenstein registered captive insurer for the Swiss …

R&Q Completes Novation with Captive Owned by Coca-Cola Bottlers’ Assoc.

Randall & Quilter Investment Holdings Ltd. announced the novation of reinsurance policies issued between 2002 and 2016 by Georgia Atlantic Insurance Ltd. (GAIL) for workers’ compensation, general liability, auto liability and auto property damages. GAIL is a wholly owned, Bermuda-based …

Run-Off Specialist Compre to Buy Allianz IARD’s Pool Legacy Business

Compre, the independent insurance and reinsurance legacy specialist, has agreed to acquire Allianz IARD’s Ridgwell Fox & Partners (RFP) pool legacy reinsurance business for an undisclosed sum. RFP is a reinsurance pool containing run-off liabilities of Allianz IARD and five …

Run-off Specialist Compre Completes Restructuring to Reduce Cost Base

Compre, the London-based independent insurance and reinsurance legacy specialist, announced the completion of a group-wide restructure, designed to reduce its cost base in preparation for further acquisitions. The run-off consolidator has so far undertaken three acquisitions in 2016 and will …

Legacy Specialist Compre Arranges Deals with QBE and German Mutual

Compre, the London-based insurance and reinsurance legacy specialist, announced the signing of an agreement to acquire QBE’s share of the Ridgwell Fox & Partners’ (RFP) pool legacy reinsurance business. The transaction is structured as a loss portfolio transfer, to be …

Catalina Completes Shareholder Restructuring; $200 Million New Equity

Catalina Holdings (Bermuda) Ltd, the long term consolidator in the non-life run-off sector, announced that, “following regulatory approvals received in Bermuda, Switzerland, Ireland, the US and the UK, funds and other entities (the ‘Apollo Investors’),” managed or advised by Apollo …