Enstar
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The carrier is exploring a deal for around £500mn of reserves, with Enstar considered favourite for this as well as the smaller Doré book. -
The London market pair are negotiating with Abu Dhabi royals about a joint venture.
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The transaction liability entry follows the carrier’s construction market expansion.
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The second legacy transaction for the AmTrust quota share book is still pending approval.
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The formation of the $470mn P&C and life reinsurer was announced last week.
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Bermuda-based Enhanzed Re will assume both non-life and life risk.
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Enstar has completed its previously announced $200m investment in AmTrust.
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The offering of preferred shares will be underwritten by Wells Fargo, Morgan Stanley and JP Morgan
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AM Best finally removed Maiden’s “A-” rating, and said it expects lower premiums from AmTrust in future
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The legacy firm will create a Cayman Islands-based entity capitalized with up to $500mn under the agreement.
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Idea that Catalina could look to derail Enstar LPT with injunction also dismissed by sources.
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Maiden Holdings' recent struggles continued with its third quarter results highlighting yet further losses.
Most Recent
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Enstar Q1 net profit falls 58% to $50mn
02 May 2025 -
Daily Digest: Top news from 2 May
02 May 2025