Intact secures £400mn Enstar ADC for RSA UK and Ireland portfolio
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Intact secures £400mn Enstar ADC for RSA UK and Ireland portfolio

Intact Financial has secured £400mn ($555.2mn) in adverse development coverage (ADC) from Enstar to support its £3bn acquisition of assets from RSA.

The reinsurance contract indemnifies Intact against losses in excess of a £2.6bn retention on losses occurring before the end of 2020.

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