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 commentary, PwC emphasised the importance of maintaining focus on the benefits of the legacy insurance market, stating that it helps the broader insurance market industry recognise its wide range of solutions, including capital relief, enhanced pricing opportunities, and volatility protection.
Going back to Enstar, the run-off reinsurance specialist completed two property ILS transactions during the fourth quarter of 2024.
