Why legacy is going mainstream: IRLA


Why legacy is going mainstream: IRLA

Paul Corver, group head of legacy M&A, R&Q

The legacy sector is increasingly becoming an integral part of the wider re/insurance market, and IRLA is seeing a membership boost as a result, as two of its directors explain.

The past 18 months have been a busy time for UK market body the Insurance and Reinsurance Legacy Association (IRLA). Its membership has increased rapidly, and it continued supporting members during the COVID-19 pandemic by shifting its operations and training academy online.

The number of companies that joined IRLA during the lockdown period reflects the fact that legacy is going mainstream. The association has a diverse membership, including run-off acquirers, re/insurance companies that manage their run-off in house, and all the related support services and functions—consultancy firms, law firms and brokers, for example—the growing number of professionals who are associated with or work in the legacy space.

“During the pandemic everyone got on with managing in adversity,” says Paul Corver, an IRLA director and group head of legacy M&A at Randall & Quilter Investment Holdings.

IRLA, R&Q, EY, COVID-19, Legacy, Casualty, Insurance, Reinsurance, Kevin Gill, Paul Corver, UK

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