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Stock impact report

Enstar Completes the Reinsurance of $0.5 Billon of Zurich North America’s Legacy A&E Business

Enstar Group Limited - Ordinary Shares (ESGR) 
US:NASDAQ Investor Relations: enstargroup.com/investor-relations
Company Research Source: GlobeNewswire
HAMILTON, Bermuda, Oct. 01, 2019 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today 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. About Enstar Enstar is a multi-faceted insurance group, with approximately $18.2 billion in assets, that offers innovative capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. Enstar is a market leader in completing legacy acquisitions, hav Show less Read more
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