Enstar Completes Reinsurance Of $0.5 Billion
Enstar Group Limited announced that one of its wholly-owned subsidiaries has completed a previously announced transaction to reinsure a number of the U.S. asbestos and environmental liability insurance portfolios of Zurich North America.
In the transaction, Enstar’s subsidiary assumed gross insurance reserves of approximately $0.5 billion, relating to 1986 and prior year business.
Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions.
