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The transaction with Enstar covers $234mn of net Accredited reserves. -
The deal had been subject to ongoing examination by regulators and the Treasury.
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The liquidators were confirmed at a hearing in Bermuda yesterday.
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This publication reported yesterday that the two carriers were nearing a deal.
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The disposal is the latest milestone in AIG’s work to reposition itself as a commercial lines insurer.
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The Bermuda courts will assess Onex’s lower, revised offer for the fronting unit.
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A deal would mark Amwins’ second LatAm sale, after Lockton acquired THB Brazil last May.
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The agency will keep the review open until the company’s sale completes.
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The business – which writes professional liability, excess casualty and property - was marketed by investment bank RBC.
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The international co-head singled out the US and Asia as growth zones.
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The CEO said the firm’s future US operation will not be run by ‘Englishmen in raincoats’.
