Clifford Chance

Reinsurance: A useful tool for M&A run-off transactions

16 April 2020

The European run-off market is expected to continue to have very high activity levels once the COVID-19 crisis is over.  Insurance companies are increasingly taking decisions to divest from non-core portfolios in view of Solvency II, IFRS 17 and other circumstances such as Brexit and, potentially also now, the impact of the market's volatility due to COVID-19.  At the same time, specialist (re)insurers and private equity players, through their (re)insurance platforms, are interested in these portfolios -particularly in the life sector.  Reinsurance can prove to be a useful mechanism in getting these new transactions done

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