Enstar seals $230mn of 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 subsidiary Marlon Insurance Company is set to acquire a portfolio of professional disability business from the Danish branch of Zurich Insurance Company. The transaction, agreed on 30 June, involves the transfer of total assets and assumed total net insurance and reinsurance liabilities of approximately $58.7mn.
Additionally, on 6 July...
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