run-off

Marco Capital Holdings Limited, a European property and casualty (P&C) run-off specialist, has merged Guernsey based, former Credit Suisse ILS reinsurers Kelvin Re and Humboldt Re under the new brand Marco Re, following approval from the Guernsey Financial Services Commission in December of last year.

R&Q Insurance Holdings Ltd., the specialty player that is planning a return to its original legacy insurance and reinsurance focus by selling its program business unit Accredited, has again spotlighted the importance of its legacy sidecar Gibson Re to the new strategic plan, but noted that access to third-party capital is critical.

R&Q Insurance Holdings Ltd., the specialty player that is soon to return to its original legacy insurance and reinsurance focus, is already evaluating opportunities to launch a second collateralised sidecar vehicle, while the fee income earned from its first legacy sidecar Gibson Re rose through the first-half of this year.

Specialty player R&Q announced an agreement to sell its Accredited program management business to private equity investor Onex on Friday, a move that will see R&Q refocus on its legacy specialism, with its Gibson Re collateralised sidecar vehicle expected to play an even more core role going forwards.

European property and casualty (P&C) run-off specialist company Marco Capital Holdings Limited has now acquired the second former Credit Suisse ILS run Guernsey based reinsurance company Kelvin Re Limited.

Non-life legacy insurance and reinsurance as well as program management firm R&Q Insurance Holdings Ltd. has revealed earning $12.1 million in fee income from its first full year operating the legacy insurance focused collateralised reinsurance sidecar, Gibson Re.

Despite the book of largely aggregate excess-of-loss catastrophe reinsurance business having faced its share of losses in recent years, Bermuda domiciled re/insurance, run-off and legacy specialist Enstar Group has made a gain on the commutation of the Enhanzed Reinsurance Ltd. (Enhanzed Re) cat book with joint-venture partner Allianz.

In a major deal that is similarly structured to the landmark Lloyd’s Central Fund reinsurance arrangement from 2021, legacy acquisition focused Lloyd’s specialist underwriter RiverStone International, has secured $305 million of multi-year collateralised reinsurance, with funding led by investment bank JP Morgan and transacted via a White Rock cell structure.

The New Zealand Superannuation Fund (NZ Super Fund), one of the government pension investment providers, has once again grown its investments linked to insurance and reinsurance over the past year, with an increase in allocation evident across all of the strategies it invests in.

Inver Re, the global reinsurance brand of the Ardonagh Group, has announced a new Legacy Solutions unit, with the hire of former Enstar CFO Guy Bowker and hints at a capital agnostic approach that could make use of alternative capital, where solutions demand it.