Guy Carpenter has appointed Connie Tregidga (pictured) as managing director in its Global Structured Solutions team in London. The firm said the hire is intended to address growing demand in legacy transactions and sidecar activity.
Tregidga brings more than 15 years of experience across legal, governance and M&A roles in the insurance and reinsurance sectors. She joins from Compre Group, where she served as group M&A director for almost five years. Before that, she held senior positions at QBE Insurance for more than a decade.
At QBE, she held the positions of head of retrospective solutions and group reinsurance counsel. She managed legal risk and governance across QBE’s global reinsurance operations, with a focus on retrospective solutions transactions and captive insurance arrangements. Earlier in her career, she worked as corporate counsel and legal counsel at QBE Europe.
Compre was active in the legacy market during Tregidga’s time as group M&A director. The group struck a £250 million adverse development cover with a European reinsurer in March 2026.
An adverse development cover allows a cedant to cap potential losses beyond a set threshold on claims already incurred, while retaining day-to-day claims handling. That deal was one in a series of retrospective transactions as the firm built its position across multiple jurisdictions.
Guy Carpenter said the appointment brought legal and transaction depth to its structured solutions work.
“Connie will lead on legacy deals and sidecar activity,” the company said in a statement. “With a background that combines legal training and extensive transaction experience, Connie brings additional depth to our structured solutions offering as we support clients through changing market dynamics.”
The sidecar element of the role sits within a broader commitment by Guy Carpenter to that market. The firm launched a global Sidecar Centre of Excellence in January 2026. At that point, alternative capital had reached an estimated 20% of global reinsurance capital, with 2025 marking another record year for sidecar participation.
The legacy market has also drawn increasing attention. Aon’s April 2026 Lloyd’s legacy report found that five specialist reinsurance-to-close syndicates have collectively assumed nearly $15 billion of reserves since 2010. Aon said softer reinsurance conditions and rising M&A activity are driving renewed demand for runoff solutions.
The scale of the legacy market gives context to Tregidga’s appointment. PwC’s run-off survey estimated the European legacy market holds $367 billion in reserves. In 2024 alone, 33 transactions transferred $6.6 billion of liabilities, with a further 25 deals announced in the first eight months of 2025.
