Enstar announces two run-off transactions
Legacy heavyweight Enstar has agreed two run-off transactions that will add total assets of more than $230mn to its balance sheet, the Bermudian firm disclosed in its second quarter accounts.
Enstar reported common net income of $40.7mn for the period, up from $9.4mn a year earlier, although the nature of Enstar's business makes the timing of earnings throughout the year somewhat lumpy.
The company's Q2 results contained an announcement of two agreed transactions to be completed by loss portfolio transfer,...
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