Enstar strikes LPT with Australia’s RACQ to reinsure 80% of motor liabilities
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Enstar strikes LPT with Australia’s RACQ to reinsure 80% of motor liabilities

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Enstar has secured a loss portfolio transfer (LPT) deal with RACQ Insurance to reinsure 80% of the Australian carrier’s motor compulsory third party liabilities, covering accident years 2021 and prior.

Under the terms of the deal, RACQ will cede net reserves of approximately A$360mn (~$247mn) of the auto portfolio.

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