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Stock impact report

Enstar Group Limited Announces Reinsurance of $0.5 Billion of Zurich’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, April 16, 2019 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has signed an agreement with a subsidiary of Zurich Insurance Group to reinsure a number of U.S. asbestos and environmental liability insurance portfolios.  Enstar’s subsidiary will assume gross insurance reserves of approximately $0.5 billion, relating to 1986 and prior year business. The closing of the transaction is subject to regulatory approval and other closing conditions. About Enstar Enstar is a multi-faceted insurance group, with over $16 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, having acquired over 90 companies and portfolios since its formation Show less Read more
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