legacy

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.

Howden Tiger, the reinsurance arm of the Howden Broking Group, has brought together its Legacy and Investment Banking operations under the combined leadership of Jarad Madea, CEO, Howden Tiger Capital Markets & Advisory (HTCMA).

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.

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.

R&Q, or Randall & Quilter, the non-life insurance and reinsurance legacy, run-off and program management specialist, has reported earning $9 million of fee income from its legacy insurance focused collateralised reinsurance sidecar, Gibson Re.

Rating agency AM Best has said that it expects the ownership of the Guernsey based, Credit Suisse Insurance Linked Strategies supported reinsurance company Kelvin Re Limited will change, which suggests a sale of the reinsurer to a run-off specialist, or perhaps another buyer, is close.

William Spiegel, Executive Group Chairman of Randall & Quilter (R&Q) Investment Holdings, said this morning that insurance-linked securities (ILS) markets are a target for the firms growing program management business.