Insight and Intelligence on the London & International Insurance Markets

26 April 2017

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Enstar continues legacy push with $1.2bn RSA deal

Catrin Shi and Adam McNestrie 15 February 2017

Enstar has agreed yet another $1bn+ legacy deal as it continues a multi-billion dollar acquisition drive that has spanned more than 12 months.

The carrier announced last week (8 February) that it had struck an agreement with RSA to reinsure a legacy UK employers' liability (EL) book with gross reserves of £957mn ($1.2bn).

The announcement ended a long and convoluted auction.

The legacy market had long known that RSA was looking to bring its UK back book to finality. The...


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