Non-life insurance run-off deals review Q3 2023

spiral
  • October 2023

In terms of legacy transactions, the trend seen in the third quarter of 2023 resembled that witnessed in the preceding quarter period with only five publicly disclosed legacy deals announced.

Deal Activity by Region – YTD 2023

Deal Activity by Region – YTD 2023

Transactions by volume: YTD 2023

In Q3 2023, the 5 transactions publicly announced comprised of 2 share sales, 1 novation, 1 ADC and 1 LPT.

Deals in Q3 2023

Acquirer group Seller/cedent Country Predominant territory Type of deal (Re)insurer/Lloyd's/Captive/Corporate Lines of business transacted
DARAG Undisclosed European captive insurance company Benelux Continental Europe Novation Captive General third party
Enstar AIG USA North America ADC (Re)insurer Undisclosed
Marco Kelvin Re Guernsey UK & Ireland Share sale (Re)insurer Undisclosed
Premia Undisclosed UK UK & Ireland LPT Lloyd's General liability
RiverStone International Catalina Ireland UK & Ireland Share sale (Re)insurer Medical malpractice and motor

How we can support our clients

The non-life insurance run-off deals team has access to more than 200 specialists who can provide expert support throughout the deal lifecycle, including:

  • Commercial, financial, regulatory and operational due diligence
  • Deal feasibility studies and strategic options analysis
  • Transaction structuring advice
  • Preparation of marketing materials and running of disposal process
  • Bidder identification and deal negotiation support
  • Actuarial support including deal pricing, reserving and capital optimisation
  • Post-transaction separation and migration advice
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Contact us

Andrew Ward

Andrew Ward

Liability Restructuring Partner, PwC United Kingdom

Tel: +44 (0)7902 792216

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