Enstar to cover some of Zurich North America’s asbestos liabilities
A wholly-owned subsidiary of Enstar Group has completed a previously announced transaction to reinsure a number of the US 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.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Willis Re poaches Aspen Insurance exec to boost speciality unit
Markel exits Brazil insurance market following MBO
Assured Guaranty acquires BlueMountain Capital
Europeans spending more on insurance: Insurance Europe
R&Q appoints KPMG exec chief restructuring officer
Sedgwick reshuffles UK and EMEA leadership following integration
Everest Insurance hires exec from Aslan Risk Advisors
Clyde & Co names new chief executive
RSA Luxembourg permanently appoints Rachel Conran as chief executive
Feature: 10 ways insurers are using insurtech to drive new business
