Legacy specialist Marco Capital has officially closed its £11.25mn takeover of Inceptum Insurance from Bermuda-based R&Q.

Legacy market activity kicked up a gear in the third quarter of 2024 with 15 deals announced totalling $2.6bn in gross reserves transacted, according to PwC.

Legacy specialist Enstar has acquired a Bermuda-domiciled Class 3B insurer and segregated accounts company through its subsidiary Cavello Bay reinsurance.

RiverStone International has closed its $1.2bn loss portfolio transfer (LPT) for various QBE subsidiaries after receiving all requisite approvals.

Ambac Financial Group shareholders have approved the proposed sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management.

Enstar Group has completed its previously announced loss portfolio transfer transaction with SiriusPoint that sees a subsidiary of the legacy specialist reinsure a $400mn portfolio of workers’ compensation business covering the 2018 to 2023 underwriting years.

All new legacy deals will require pre-transaction review and approval by Lloyd’s as of 1 January 2025, the Corporation’s chief underwriting officer Rachel Turk revealed in today’s Q3 market message.

Opportunities to tap into the growing demand from European corporates for solutions to their US liability exposures spurred the formation of new legacy specialist Sophrosyne Partners, Eleni Iacovides has told

Demand for legacy solutions remains strong despite the drop in completed deals in the first half of 2024, while concern over deterioration in US casualty reserves continues, according to panellists at PwC’s Monte Carlo legacy event.

Deal activity was down in the legacy sector in the first half of 2024 as several prominent run-off acquirers experienced major upheaval.

Bermuda-based non-life legacy player Carrick Group has acquired two Irish captives from pharmaceutical firm Bristol Myers Squibb,

Jarad Madea, CEO of Howden Capital Markets & Advisory, highlights how (re)insurance sidecars and legacy liability covers can help address casualty reserve challenges.

R&Q UK Holdings Limited has filed a notice of intention to appoint an administrator, as the collapsed legacy player continues to wind up its entities.

However far Victoria Vincent gets in her career, there will always be a degree of self-doubt.