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Social Media and Insurance Coverage: A TikTok-ing Clock

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This presentation explores the evolving intersection of social media and insurance coverage, emphasizing the rapidly growing risks and claims stemming from platforms like TikTok. Legal, regulatory, and market-based concerns are brought to light, especially as technologies such as AI integrate into social platforms.  Peter Calleo and Troy Shuman of Enstar, Grace Seigel of Guy … [Read more...] about Social Media and Insurance Coverage: A TikTok-ing Clock

Notable Insurance Coverage Cases

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This session offered a comprehensive review of some of the largest and most notable coverage cases from 2024. David Silvers, Complex Assumed Claims Analyst, RiverStone Group moderated the discussions led by representatives from AIRROC’s Corporate Partner firms.  Panalist included J.D. Anders, Counsel, Chaffetz Lindsey, Kristen Kish, Partner, Mound Cotton Wollan Greengrass LLP, … [Read more...] about Notable Insurance Coverage Cases

Runoff Deal Market Forum 2025

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This February, AIRROC and Mayer Brown were pleased to co-host their Seventh Annual Runoff Deal Market Forum (the “Deal Forum”) at Mayer Brown’s New York office, where industry experts came together to discuss the latest trends and developments in the insurance legacy market. The Deal Forum featured three panels that covered the State of the Market, Post-Closing Challenges and … [Read more...] about Runoff Deal Market Forum 2025

AIRROC is Leading Legacy into the Future with a New Vision and Mission Statement

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Drum Roll! The Board of Directors of AIRROC is pleased to announce our new Mission and Vision: Tag Line:  LEADING LEGACY AIRROC’s VISION is to be the legacy market leader through education, collaboration, and innovation. AIRROC’s MISSION is to foster a sustainable legacy market and provide value by engaging stakeholders, sharing knowledge and developing leaders. In … [Read more...] about AIRROC is Leading Legacy into the Future with a New Vision and Mission Statement

Bankruptcies and the Runoff Market – Impacts and Implications

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Shelly DeRousse and Kathleen Ehrhart, both Partners at Smith Gambrell Russell, along with Geoffrey Goodman a Partner at Foley & Lardner led the discussion on bankruptcy and the runoff market at the 2025 Spring Membership Meeting. The session focused on the increasing number of mass-tort bankruptcies and the involvement of insurance and reinsurance companies, with an … [Read more...] about Bankruptcies and the Runoff Market – Impacts and Implications

Intersection of legacy and ILS could drive deal flow in 2025: PwC

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According to PwC, the legacy insurance and reinsurance market continues to evolve, as highlighted by insurance-linked securities (ILS) transactions announced by legacy and run-off reinsurance specialist Enstar in the second half of 2024, while the firm also suggests that the convergence of traditional legacy and ILS “could be a source of future deal flow in 2025.” In a new … [Read more...] about Intersection of legacy and ILS could drive deal flow in 2025: PwC

AIRROC Welcomes New Member

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AIRROC is excited to announce the addition of Elysian as a new Member!   We continue to grow and expand our network because of the collective value proposition we offer and what each of our Members brings to an organization with a legacy of success. We are delighted to have Elysian join the AIRROC community and we look forward to collaborating with them.    Elysian is an … [Read more...] about AIRROC Welcomes New Member

The Legacy of Liquidations: What You Should Know

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Michael Terelmes of Compre Group moderated a panel on which Keith Kaplan, Chief Liquidation Officer for Bedivere Insurance Company (in Liquidation) and R&Q Reinsurance Company (in Liquidation), Jim Wrynn, a Senior Managing Director at FTI Consulting, and Bruce Baty, a partner with Norton Rose Fulbright US LLP discussed the process of liquidation and its impact on the runoff … [Read more...] about The Legacy of Liquidations: What You Should Know

RiverStone Int’l Signs Reinsurance-to-Close Deal With Asta for 2022 Year of Account

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RiverStone International, the legacy acquisition company, announced it has signed a reinsurance-to-close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500. The net technical provisions as of third quarter 2024 were £62.5 million (US$78.7 … [Read more...] about RiverStone Int’l Signs Reinsurance-to-Close Deal With Asta for 2022 Year of Account

Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group

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HAMILTON, Bermuda–FGH Parent, L.P., (together with its subsidiaries, “Fortitude Re”), a leading global reinsurance company, today announced the signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (“FRL”) and Unum Life Insurance Company of America (“Unum”), a subsidiary of Unum Group (NYSE: UNM). Upon receipt of regulatory approvals … [Read more...] about Fortitude Re Announces Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group

RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

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RiverStone International today announced that it has signed an agreement with Pacific Valley Insurance Company, a wholly owned subsidiary of Lyft, to provide a loss portfolio transfer reinsurance (LPT) for a commercial auto liability (CAL) portfolio effective from 1 January 2025. Read More... … [Read more...] about RiverStone International announces loss portfolio transfer deal with Pacific Valley Insurance Company

Lifeguards On Duty – The ECRA Pool

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The Excess & Casualty Reinsurance Association Pool (“ECRA Pool”) is one of the largest legacy reinsurance pools spanning decades and involves many insurers and reinsurers in the runoff market.  With the demise of R&Q, the ECRA Pool was brought to an abrupt halt in September 2024.  Rick Dupree (The Travelers Companies), Judy Harnadek (Resolute Management, Inc.), Andrew … [Read more...] about Lifeguards On Duty – The ECRA Pool

The AIRROC Community Continues to Grow

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AIRROC is pleased to announce that Gallo Vitucci Klar LLP has joined as a new Corporate Partner. AIRROC is delighted to expand its network and extends a warm welcome to its newest Corporate Partner. We look forward working with Gallo Vitucci Klar LLP on a number of initiatives and to incorporate them into our network with the shared goal of delivering greater service to the … [Read more...] about The AIRROC Community Continues to Grow

AIRROC Announces New Board Leadership, Officers and Directors for 2025

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AIRROC has announced its board leadership for 2025. The officers are Chair Tom Mendralla (Swiss Re), First Vice Chair Dawn Ballin (Enstar), and Second Vice Chair Stewart Richmond (RiverStone Group). The board supporting officers are Marianne Petillo (ROM) as Treasurer, Megan McHugh (Brandywine) as Secretary, and Robert Romano along with Victoria Corder (Norton Rose) as the … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2025

DARAG & wefox transfer run-off portfolio

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DARAG Group and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, has announced the transfer of a run-off portfolio including motor damage and third party liability, private liability and property business across Germany, Italy and Switzerland.  The transfer of the portfolio is related to the previously announced sale of wefox Insurance AG to … [Read more...] about DARAG & wefox transfer run-off portfolio

RiverStone International signs RITC contract for HRP Syndicate 2689’s 2022 year of account

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LONDON: 17 February 2025 – RiverStone International, the leading acquirer of legacy business in the Lloyd’s market, today announced that it has signed a reinsurance to close contract with Asta Managing Agency, under which the 2022 underwriting year of account of Hampden Risk Partners (HRP) Syndicate 2689 will close into Riverstone International Syndicate 3500.  The net … [Read more...] about RiverStone International signs RITC contract for HRP Syndicate 2689’s 2022 year of account

Enstar Legacy Syndicate 2008 Agrees $196M LPT Deal with Atrium Syndicate 609

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HAMILTON, Bermuda, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) announced today its Lloyd’s syndicate (“Syndicate 2008”), managed by Enstar Managing Agency Limited, has agreed a ground-up loss portfolio transfer (“LPT”) with Atrium Syndicate 609, managed by Atrium Underwriters Limited. The transaction involves Syndicate 609’s discontinued … [Read more...] about Enstar Legacy Syndicate 2008 Agrees $196M LPT Deal with Atrium Syndicate 609

5 Top Trends for Risk Capital in 2025

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The re/insurance industry is in a transformative cycle driven by a convergence of systemic risks reshaping market dynamics. The interplay between economic pressures, geopolitical shifts and environmental challenges creates a complex backdrop for businesses navigating their risk management strategies. Risk financing is also evolving at an unprecedented pace, with a growing … [Read more...] about 5 Top Trends for Risk Capital in 2025

Non-life insurance run-off deals – 2024 year-end review

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The final quarter of 2024 saw 9 publicly announced deals, transferring $2.4bn in disclosed liabilities – capping off a significantly more active second half of the year for the insurance legacy market. 2024 deal activity by region North America again dominated with 58% of disclosed transactions in 2024, followed by the UK & Ireland at 27%. … [Read more...] about Non-life insurance run-off deals – 2024 year-end review

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