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Enstar Completes Loss Portfolio Transfer Agreement With Aspen
HAMILTON, Bermuda, May 20, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has closed a previously announced agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited and its subsidiaries for their 2019 and prior business (the “LPT”). Enstar will assume net loss reserves of $3.12 billion,...
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“Enstar Completes Loss Portfolio Transfer Agreement With Aspen”
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23 May 2022
HAMILTON, Bermuda, May 20, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has closed a previously announced agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited and its subsidiaries for their 2019 and prior business (the “LPT”). Enstar will assume net loss reserves of $3.12 billion, subject to a limit of $3.57 billion.
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