Enstar buys Great Lakes Casualty Insurance Company
Bermuda-based run-off consolidator Enstar Group has acquired Great Lakes Casualty Insurance Company (GLC) from Main Street America, according to a Nov. 2 statement.
Domiciled in Michigan, GLC is a property/casualty insurance provider and has been in runoff since 2015. The sale to an Enstar subsidiary was completed on October 31, 2017.
Enstar combines active underwriting in specialty insurance markets with consolidation of legacy risk, according to the company’s website. The company has acquired over 75 companies and portfolios since its formation in 2001.
Sign up to our free email newsletters
Other stories from Friday's AM newsletter
AIG posts $1.7bn net loss for Q3
Disposals boost Fairfax in Q3, lift 2017 expectations
Storm Herwart causes 2017 record losses in Germany
Nat cats push HCI Q3 combined ratio to 258.2%
Nexus adds deputy chairman in trade credit expansion
