The legacy market: a renaissance in the making
Welcome to the latest edition of Prospective, which this month focuses on an industry sector which appears to be very much in vogue – the global P&C legacy market.
It is unquestionable that the market’s reputation and standing has improved significantly since its origins in running off discontinued, loss-making lines of business (and businesses).
In its early days, “run-off” was almost treated as the industry’s dirty secret – a place where failed (re)insurance businesses went to die. Now, it is very much accepted as a key part of the global industry and a provider of an essential service.
In our latest programme, we trace how this market has evolved from these roots to become a dynamic sector replete with an armoury of capital management tools.
But with new investors – and start-ups – continuing to enter the sector, we also explore where can the market go from here and whether there are dangers from excess competition and lowering yields.
During the 45-minute programme, we dive into four key areas:
- Key drivers behind the increasing number of deals and interest in the market
- How run-off solutions are evolving
- Capital trends
- The sector’s outlook
Our guests are Randall & Quilter’s group head of M&A Paul Corver, Gossmann & CIE’s CEO and managing partner Arndt Gossmann, head of TigerRisk Partners’ Legacy Practice Linda Johnson, and the first guest to join us in the studio – our very own European editor Rebecca Hancock.
Look out for follow-up commentary and in-depth analysis of episode segments tomorrow (Friday, 7 May) and next week on theinsurer.com/tv…