Opinion: The run-off boom

The stars finally seem to be aligning for the legacy market,
which has spent years waiting patiently for the anticipated wave of
liabilities to arrive.
These are indeed boom times for run-off, but as the live market
knows all too well, with a surge in demand comes the inevitable
creep in supply.
Competition is already rife among legacy acquirers, with the
margin on each legacy book thinning with every round of bids. But
traditional live carriers will still look on...