Enstar

Enstar’s Enhanzed Re buys back 24.9% stake from Allianz for $174mn

Following the completion of this transaction, Enhanzed Re became a wholly owned subsidiary of the legacy carrier.

Jairo Ibarra, 01 March 2023
Enstar profits jump 89% in Q4 2022 to $227mn

2022 represented a period of bumper legacy deal-making for the legacy carrier.

Samuel Casey, 01 March 2023
Enstar strikes LPT with Australia’s RACQ to reinsure 80% of motor liabilities

RACQ will cede net reserves of approximately A$360mn (~$247mn), and Enstar will provide around A$200mn (~$130mn) of cover in excess of the ceded reserves.

Jairo Ibarra, 21 February 2023
Enstar enters $1.9bn LPT deal with QBE subsidiaries

The deal regards international and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs.

Kyoung-son Song, 16 February 2023
Arch enters Argo process as talks with Core Specialty, Enstar grind on

Enstar is conducting due diligence around taking on the rest of the Argo back book.

Adam McNestrie, 12 January 2023
Enstar CEO Silvester buys $5mn additional shares

The share purchases take the founder’s stake in the legacy firm to $124mn.

Adam McNestrie, 23 November 2022
Enstar books $444mn loss for Q3 2022

The carrier also reported run-off liability earnings of $109mn, or 3.7% in the third quarter of the year.

Aisling Finn, 03 November 2022
Enstar and Riverstone Intl final bidders for MS Amlin £1.2bn legacy deal

The process has been narrowed, with parties including Catalina and Premia not going forward.

Adam McNestrie, 28 October 2022
Probitas’s Syndicate 1492 agrees split RITC deal with Enstar

Probitas CEO Ash Bathia praised Enstar for its “innovative and bespoke solution to meet our strategic objectives”.

Luke Harrison, 05 September 2022
Enstar withdraws from Enhanzed Re JV with Allianz

The transaction will eliminate Enstar’s direct exposure to cat business and boost its book value.

Rachel Dalton, 19 August 2022
Enstar boosts position in Argo to 4.9% amid sale process

With the addition of roughly 512,000 shares, Enstar’s interest in Argo was valued at ~$62.7mn at the end of June.

Jairo Ibarra, 15 August 2022
Billion-dollar legacy deals no longer a rarity with more to come: Silvester

The exec warned that there would be “more casualties” of underpricing in the legacy market.

Adam McNestrie, 09 August 2022