Enstar
-
The executive replaces interim CEO Paul Brockman, who remains group COO.
-
A roundup of all the news you need today, including Enstar EU’s new CEO.
-
The transaction with Enstar covers $234mn of net Accredited reserves.
-
Berkshire Hathaway and Canada Life Re will provide as much as A$680mn of protection annually.
-
Enstar will provide $430mn of excess cover over ~$1.7bn of underlying reserves.
-
Some 39% of respondents expect deal volumes to increase in the next 12 months.
-
Enstar recorded $280mn of other income in Q1 2023 related to Enhanzed Re.
-
The stable outlook on Cavello Bay mirrors S&P’s view of its parent.
-
The legacy carrier cited the impact of its investment portfolio.
-
Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.
-
Insider Brockman will pick up the EU role on an interim basis.
-
Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said.
Most Recent
-
Inflexion confirms DR&P’s sale to BMS Group
26 July 2024 -
Price Forbes snares Lockton partner O’Keeffe
26 July 2024 -
S&P Global Ratings upgrades Munich Re to AA
26 July 2024 -
Daily Digest: Top news from 26 July
26 July 2024