New ways of looking at legacy insurance, new territories and convergence with live business are causing the market to grow fast. But there could be some bumps ahead, an Intelligent Insurer panel says.
The legacy market is growing fast, but this could be just the beginning. New territories, new lines, and new solutions are fuelling growth as run-offs leave behind their reputation as a last resort.
2021 has been a year of milestones for the legacy market. DARAG group CEO Tom Booth spoke to Intelligent Insurer about some of them.
There have been several interesting transactions in the past six months as a number of serial consolidators have looked to take advantage of a growing desire on the part of insurers to move certain blocks of business off their books
Amid the rapid growth of the run-off market and its changing nature in recent years, some industry practitioners like to predict what the future may hold for the development of this sector. We collated some of these predictions for 2017.
Arndt Gossmann, CEO of DARAG, reflects on the main topics of conversation at this year’s Monte Carlo Rendez-vous.
With Solvency II implementation just months away, the run-off market is experiencing heightened activity, a vast upscale in transaction sizes and ambiguity between ‘pure’ run-off deals, as Arndt Gossmann, CEO, DARAG, tells Intelligent Insurer.
The looming implementation of Solvency II combined with a greater sophistication on the part of re/insurers around how to handle legacy business is driving run-off in Europe, as Intelligent Insurer discovers.
Following the firming up of the Solvency II initiation date, placing business into run-off has become more important than ever to insurers. DARAG’s CEO, Arndt Gossmann, talks to Intelligent Insurer about the company’s recent acquisition by Keyhaven and how this will help the company to double its business by the end of the year.
The run-off sector is a substantial market. In a survey this year, PwC estimated that a staggering €220 billion of discontinued non-life liabilities is held on the books of European insurers alone. Intelligent Insurer investigates the potential effects of Solvency II on this sector.