Enstar

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.

The San Francisco-headquartered alternative asset manager has invested $183mn in the run-off firm.

The legacy giant also disclosed a smaller buyback from Stone Point, with CEO Dominic Silvester also investing an additional $10mn.

The seller is facing an uphill struggle convincing its legacy rivals that there is strategic value in the merger deal.

The insurer has been working to build a reputation for favorable reserve development after past sins.

During the period, the legacy business completed a $1.9bn LPT with QBE and a $245mn LPT with RACQ Insurance.

In the wake of Enstar's $5.1bn go-private deal, here's our prior deep dive on the firm.

The carrier attributed its results to strong investment returns.

The deal includes a diversified book of international and NA financial lines, European and NA reinsurance portfolios, and several US discontinued programs.

The Canadian pension fund will retain 9.4% of the carrier’s voting shares.

In tandem, the company elevated David Ni as chief strategy officer, Paul Brockman as chief operating officer and Matthew Kirk as chief financial officer.