The Rise of Runoffs – May 2020
After transforming its reputation and broadening its scope, the run-off market could play an important role in the wake of COVID-19.
Run-off Roundtable – December 2019
Participants in the run-off space provide their views on some of the key challenges and developments being seen in the space
The M&A Effect – December 2019
Eric Haller (EH): As we approach the start of a new decade, it is clear that 2019 was another year of positive growth in global M&A activity. E&Y reported that global M&A annual value has reached over $2trn since 2015, with a total of $2.6trn in 2018. Developed countries tend to dominate most cross-border M&A activity with the top countries being the United States and the UK. Corporate M&A trends point to further acceleration of deal fl ow, including the number and size of transactions. This is set to extend several years of record M&A activity
Shaking off the ‘Vulture’ Reputation – May 2019
Often seen as the “vultures” of the insurance world, the prominence of legacy liability providers has grown continually in recent times. Before now, companies offering a way out for multinationals were either misunderstood or operated under the radar
The Systematic Approach – Bermuda Report 2019
Eric Haller (EH): The middle-market runoff insurance sector is currently underserved with regard to competitive exit opportunities. Our focus is to address the ineffi ciencies in the market by providing competitive solutions that are easy for counterparties to understand and execute.
We pride ourselves on our ability to quickly assess and understand our clients’ objectives and then structure unique solutions that are better aligned to accomplish those objectives – whether it be fi nality, shared risk taking, speed to closing or maximising liquidity. This takes patient capital, a deep understanding of how various risks develop, and the ability to quickly identify areas for improvement through motivated claims management.
Run-off specialist fleming re acquires AGGCAP II
Fleming Re Holdings LLC (“Fleming Re”) recently completed the acquisition of AggCap Insurance, Ltd – AggCap II (“AggCap II”), a group captive in run-off providing workers compensation insurance for a large membership of California-based agribusinesses. The acquisition provides members of AggCap II with full legal finality, elimination of operating expenses, and a release of capital. […]
Fleming re acquires all outstanding P&C liabilities from sequre underwriters
Fleming Reinsurance Ltd. (“Fleming Re”) completed the novation of all liabilities from United SPC Segregated Portfolio #4 (“United SPC4”). The preferred shareholder of United SPC4 desired a liquidity and finality solution for their insurance liabilities in calendar 2018. Fleming Re made this possible through structuring a transaction that achieved the goals of the preferred shareholder and then worked diligently to provide confidence in closing within the desired timeline.
