Under the terms of the deal, RACQ will cede net reserves of approximately A$360mn (~$247mn) of the auto portfolio.
Enstar strikes LPT with Australia’s RACQ to reinsure 80% of motor liabilities
![Enstar logo Bermuda no bar.jpg](https://assets.euromoneydigital.com/dims4/default/582ef9a/2147483647/strip/true/crop/840x478+0+0/resize/840x478!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F22%2Fc3%2F4fee7b8d418bac11ca68379b01d4%2Fenstar-logo-bermuda-no-bar.jpg)
Under the terms of the deal, RACQ will cede net reserves of approximately A$360mn (~$247mn) of the auto portfolio.