Reinsurance News

Enstar

Enstar appoints new executive to Board of Directors

2nd March 2017

Insurer Enstar has announced the appointment of Jie Liu to its Board of Directors. Dominic Silvester, Enstar’s Chief Executive Officer (CEO), welcomed Liu to his new role; "We have worked alongside Jie in recent months as Hillhouse became a significant shareholder in Enstar and a strategic partner in KaylaRe. "In addition to ... Read the full article

Enstar to sell Pavonia Life to Global Bankers Insurance Group for $120m

20th February 2017

Bermuda based insurance, reinsurance and run-off specialist Enstar Group has announced a $120m agreement to sell its Pavonia Holdings (US), Inc. subsidiary to an affiliate of Global Bankers Insurance Group for $120 million. Enstar originally acquired the Pavonia business, which includes Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company of ... Read the full article

Enstar in £957m legacy UK employers’ liability reinsurance deal with RSA

8th February 2017

A subsidiary of Bermuda based insurance, reinsurance and run-off specialist Enstar Group has entered into a reinsurance agreement with RSA Insurance Group PLC to reinsure £957 million of its legacy UK employers’ liability business. The legacy reinsurance deal will see Enstar's subsidiary assuming £957 million (approximately $1.2 billion) of RSA's gross ... Read the full article

Enstar completes reinsurance of QBE’s legacy business

12th January 2017

Bermuda-based legacy and run-off insurance and reinsurance specialist Enstar Group has closed on its previously announced transaction that sees it reinsure a legacy book for QBE Insurance Group Limited. The deal saw Enstar reinsure the legacy multi-line property and casualty business of QBE, enabling the insurer to achieve finality on those ... Read the full article

Enstar in $91.5m legacy asbestos & environmental liability acquisition

2nd January 2017

Bermuda based insurance, reinsurance and run-off specialist Enstar Group has made a $91.5 million acquisition of Dana Companies, LLC for its legacy asbestos and environmental liabilities. Dana Companies was part of Dana Incorporated, a world leading supplier of highly engineered drivetrain, sealing, and thermal-management technologies for vehicles. As a result of its ... Read the full article

Enstar changes management structure in wake of KaylaRe launch

16th December 2016

Enstar Group Limited recently announced the launch of KaylaRe Ltd., a total return strategy, Bermuda-based, Class 4 reinsurance firm with a global specialty focus and capitalised to the tune of $620 million. Enstar has launched KaylaRe with the assistance of $25 billion Chinese investment management group Hillhouse Capital Management, Ltd, with ... Read the full article