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25 April 2018

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Enstar to secure 410mn Neon legacy book

Adam McNestrie 18 December 2017

Enstar is poised to claim a second major Lloyd's legacy transaction this month after entering exclusive talks to acquire Neon's £410mn ($549mn) legacy book, The Insurance Insider can reveal.

Neon's decision to award exclusivity to Enstar means that rival legacy carrier Armour Holdings is now likely to put its Lloyd's start-up ambitions on hold.

The Insurance Insider understands that Neon is no longer slated to be Armour's managing agent, and without a starter transaction Armour would be obliged to delay...

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