Bermudian Enstar is set to sell Pavonia, which comprises a large portion of its legacy life business, to a subsidiary of US investment house Eli Global for a total consideration of $120mn.
The proposed sale of Texas-based homeowners' specialist National Lloyds has been scrapped after owner Hilltop Holdings was unable to secure the price it was looking for, The Insurance Insider understands
US specialty insurer Navigators reported an 8 percent gain in profit to $17.7mn in the fourth quarter, even as its international segment held back the results.
Maurice “Hank” Greenberg quietly put an end to 12 years of arguments, appeals and court appearances today as the former AIG boss foreclosed on what promised to be the insurance trial of a generation.
