Insight and Intelligence on the London & International Insurance Markets

25 February 2018

Search archive

Enstar rolls KaylaRe into group in $400mn deal

Adam McNestrie 5 February 2018

Enstar has agreed to acquire the outstanding 52 percent of total return reinsurance joint venture KaylaRe in a $400mn all-paper deal, the New York-listed insurance group said today.

KaylaRe, a Bermuda-based Class 4 reinsurer, was 44 percent-owned by Chinese investment firm Hillhouse and 8 percent by the Trident V Funds managed by private equity house Stone Point.

Hillhouse's economic interest in Enstar will rise from 9.9 percent to 17.1 percent after the deal closes, with its voting interest moving from...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π