Opinion: The Great European Legacy Sell-off

The legacy market has long eyed the array of continental European
liabilities piled up on carrier balance sheets, just waiting to be
released.
PwC estimates the volume of continental European legacy
liabilities at just under EUR200bn ($233bn), but to date less than
a sliver of this sum has been transferred to the run-off
market.
For the past few years now there has been much talk about what
will trigger The Great European Legacy Sell-off.
The implementation of Solvency II at...