AIRROC Update

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Message from Carolyn Fahey, AIRROC’s Executive Director

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I hope that you are all keeping safe and well in these challenging and unprecedented times. As you may expect, lots of events and initiatives we had planned have been impacted given the circumstances.  You can keep up to date on the status of our programs on our website. A few items to note include the cancellation of the June 1 Chicago Regional and the July 14-15 … [Read more...] about Message from Carolyn Fahey, AIRROC’s Executive Director

In Memoriam of Terry Kelaher

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AIRROC honors the memory of our long-time friend Terry Kelaher who passed away recently after battling cancer and kidney disease.  Terry was a co-founder and vice chairman of AIRROC.  He joined Allstate Insurance Company in 1988 where he served as vice president and general manager of the company's Specialty Operations Division, responsible for the management of … [Read more...] about In Memoriam of Terry Kelaher

Meet our New Board Members

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AIRROC extends a warm welcome to new Board Members Simon Hawkins, Dawn Ballin and Brendan McQuiggan and congratulates Megan McHugh in her new role as Secretary of the Board.  AIRROC looks forward to the enthusiasm and fresh ideas they bring and working with them towards a successful journey together.  Let us introduce you to the newest members of our talented, creative and … [Read more...] about Meet our New Board Members

Randall & Quilter Announces Completion of Anglo French Ltd. Transfer

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Randall & Quilter subsidiary R&Q Gamma has completed the transfer of the U.S. liability insurance book underwritten by Anglo French Ltd. from SCOR UK Company Limited.  The transaction took place by means of an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000. The Part VII was sanctioned at a hearing on 3 March 2020 and … [Read more...] about Randall & Quilter Announces Completion of Anglo French Ltd. Transfer

In Continental Europe, Legacy Transfer is a Tool for Operational Efficiency as Digitalisation Costs Increase

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This article first appeared in Insurance Day on the 10th of March 2020 Continental European insurance groups are turning to legacy transactions to reduce the cost and disruption to their      business of digital transformation.  The European legacy market is maturing – and it is operational efficiency that is becoming more and more of a key … [Read more...] about In Continental Europe, Legacy Transfer is a Tool for Operational Efficiency as Digitalisation Costs Increase

Asia, LatAm and the Middle East Ripe for Captive Growth: CICA Board Chair

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The number of captives in emerging markets could be set to grow in coming years, with countries in Asia, Latin America and the Middle East seeing an increasing number of launches. Read more here - https://www.captiveinternational.com/news/asia-latam-and-the-middle-east-ripe-for-captive-growth-says-cica-board-chair-3368   … [Read more...] about Asia, LatAm and the Middle East Ripe for Captive Growth: CICA Board Chair

DARAG Announces Completion of Dual Acquisitions in UK Expansion

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DARAG Transaction Group Limited, a leading legacy acquirer, has announced the completion of the acquisitions of both The  Underwriter Insurance Company  Limited, a UK-based insurer in run-off, and of the previously announced Sale and Purchase Agreement with One Re Ltd, a London-based non-life reinsurance company. Read the full article here - … [Read more...] about DARAG Announces Completion of Dual Acquisitions in UK Expansion

Run-off Specialist Fleming Re Acquires AggCap II

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Fleming Re Holdings LLC (“Fleming Re”) recently completed the acquisition of AggCap Insurance, Ltd – AggCap II (“AggCap II”), a group captive in run-off providing workers compensation insurance for a large membership of California-based agribusinesses.  The acquisition provides members of AggCap II with full legal finality, elimination of operating expenses, and a release of … [Read more...] about Run-off Specialist Fleming Re Acquires AggCap II

Darag Announces Reinsurance Agreement with Lloyds Syndicate

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15 January 2020 – DARAG Group Limited (“DARAG”), a leading legacy acquirer, today announces the conclusion of a transaction with a leading Lloyd’s syndicate to provide reinsurance for a US liability book. The reinsurance will be provided via DARAG’s Maltese risk carrier, DARAG Malta Insurance and Reinsurance PCC Ltd. Read the full article here - … [Read more...] about Darag Announces Reinsurance Agreement with Lloyds Syndicate

AIRROC Confirms Board Leadership and New Directors for 2020

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AIRROC announces the 2020 board leadership.  The officers are Chair Bill Teich (The Hartford) and Co-Vice Chair Bill Goldsmith (AIG).   Collectively serving as AIRROC's Executive Committee along with Executive Director, Carolyn Fahey, they bring many years of experience and insights with them.  Teich is Vice President of Reinsurance at The Hartford and … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2020

Proposed Transfer from Ageas Insurance Limited to RiverStone Insurance (UK) Limited

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Please see the link below to view notice of a proposed insurance business transfer from Ageas Insurance Limited (“Ageas”) to RiverStone Insurance (UK) Limited. The business to be transferred comprises certain insurance and reinsurance business written or assumed by Ageas or its predecessors, including business written by or on behalf of Bishopsgate Insurance Limited and … [Read more...] about Proposed Transfer from Ageas Insurance Limited to RiverStone Insurance (UK) Limited

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