Run off
Europe: The run-off legacy
The run-off market looks set to consolidate its position in Europe, a trend borne out by a Clyde & Co survey which found 60% of insurer respondents expect to complete a deal in Europe in the next 12 months.
European appetite for run-off deals set to grow, survey finds
France and Germany have been tipped as the most likely European countries to see run-off deals completed, according to insurance industry respondents to a Clyde & Co survey.
Compre claims first in unlocking 'major barrier' to European runoff acquisitions
Reinsurance legacy specialist Compre Holdings has completed what it claims is the first ever cross-border demerger of insurance and reinsurance portfolios.
Randall and Quilter completes portfolio transfer from Finnish companies
Randall and Quilter has completed the portfolio transfer from two Finnish companies, Fennia and Turva, into its run-off insurer Alma.
Randall and Quilter completes portfolio transfer
Randall and Quilter has completed the portfolio transfer from two Finnish companies, Fennia and Turva, into its run-off insurer Alma.
Redomiciling: Insurer’s paradise?
With continued uncertainty over Solvency II, could more firms be tempted to follow the lead of Randall & Quilter and split their tax and regulatory domiciles?
Randall & Quilter upbeat ahead of AGM
Randall & Quilter's first half financial result is expected to be in line with the board's expectations, according to chairman and chief executive Ken Randall.
R&Q agrees PTP with Finnish mutual
Randall & Quilter Investment Holdings has agreed a portfolio transfer plan with mutual insurance company Turva.
Charles Taylor appoints director
Run-off specialist Richard Hayes has joined Charles Taylor Insurance Services as strategic business planning and development director and is charged with driving the firm's plans for growth in the insurance services market.
Editor's comment: Border control
As a UK passport holder I am welcome to roam Europe at will and take in the sights, scenes and delights.
Lower claims frequency hits Charles Taylor adjusting profit
Growth in Charles Taylor's management services and Isle of Man-based run-off insurance business in 2012 have offset reduced earnings in its adjusting services business, which was hit by a lower number of complex claims than the previous year.
Solvency II delay is "golden oppurtunity" to solve run-off issues
The delay in the implementation of Solvency II offers insurers a golden opportunity to deal with their outstanding run-off and US APH liabilities, according to Ruxley Ventures.
R&Q outlines captive exit solution
Randall & Quilter Investment Holdings has effected a novation of policies from Guernsey-domiciled captive insurer SL Insurance to R&Q Insurance.
R&Q completes Capstan acquisition
Randall & Quilter has formally completed the purchase of the entire share capital of Guernsey-domiciled Capstan Insurance Company.
UK non-life run-off market hit by "decade of decline", says KPMG
KPMG said in its 10th UK run-off survey that the size of the UK's non-life run off market is nearly 25% down over 10 years, while the active market has more than doubled.
Tawa puts itself up for sale
Specialist insurance investor Tawa has unveiled plans to sell the business and is seeking potential offers.
R&Q reports 56% rise in profit
Randall & Quilter has reported a 56% increase in profit before tax to £4.6m in the first half of 2012 compared with the same period last year(H1 2011: £3.0m).
Charles Taylor revenue strong and steady at £53m despite 'subdued' claims environment
Insurance business Charles Taylor Company delivered a stable performance during the first half of the year, with a flat revenue of £53m (2011:£49.3m), thought to be due in part to a series of one-off charges and a "subdued" energy claims environment.
HSBC sells Irish legacy businesses
HSBC Holdings has agreed to sell two Irish legacy businesses to Bermuda-based run-off specialist Catalina Holdings.
Cloutier: Double Brit deal better for shareholders
The sale of Brit Insurance to run-off specialist Riverstone, two months after QBE acquired its renewal rights, sets up Brit Group to focus on developing its specialist and reinsurance operation and marks the "last major piece of restructuring", according…
Brit offloads legacy liabilities to Riverstone
Brit Group has agreed the sale of its Financial Services Authority-regulated Brit Insurance Limited to Riverstone Group.
Tawa aquires Oberösterreichische Versicherung's run-off portfolio
Tawa's German subsidiary, Hamburger Internationale Rückversicherung AG, has taken over a reinsurance portfolio in run-off from Austrian insurer Oberösterreichische Versicherung AG.
Charles Taylor cuts net debt to £32.6m in Q1
Insurance services provider Charles Taylor Consulting reduced its net debt from £34m to £32.6m in the first quarter.
Charles Taylor cuts net debt in Q1
Charles Taylor Consulting reduced its net debt by £1.4m to £32.6m in the first quarter from £34m at 31 December 2011.