A recent report from PwC highlights a notable increase in non-life insurance run-off deals during the third quarter of 2024, with 15 transactions recorded, nearly double the total from the first half of the year. North America emerged as the most active region, accounting for 10 of these deals, which collectively transferred $2.6 billion in gross reserves. The report indicates renewed optimism in the market, while also noting that participants expect a more sustainable volume of legacy deals in the future compared to previous years. Furthermore, Lloyd’s of London plans to implement stricter review requirements for new legacy deals starting January 1, 2025.