Aspen completes massive $3.6bn LPT deal with Enstar
23-05-2022
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David Ni, chief strategy officer, Enstar Group
David Ni, chief strategy officer at Enstar, said the run-off specialist ‘not sidelined’ by the mega deal as his firm continues to ‘actively look for new business’.
The mood at Enstar Group is understandably “positive and bullish” after the run-off specialist completed its landmark $3.6 billion loss portfolio transfer (LPT) deal with partner Aspen in May 2022.
As the leader of Enstar’s mergers and acquisitions (M&A) and strategy functions, David Ni, chief strategy officer, had a front row seat.
“Aspen is the largest transaction we’ve done in Enstar’s corporate history, so clearly a landmark one for us and probably a landmark for the industry as well. It’s the third largest ever in the run-off industry globally as well, so certainly a great transaction to get closed and we’re thrilled about it,” Ni told Intelligentinsurer.com.
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Enstar, David Ni, Interview, M&A, Run-Off, Legacy, Specialist, Global, Insurance, Reinsurance
