Log In

Reset Password

Enstar completes reinsurance transaction

Bermudian-based global insurance outfit Enstar Group Ltd has announced that one of its wholly-owned subsidiaries has completed a transaction with Continental Casualty Company to reinsure a legacy portfolio of excess workers’ compensation business.

In the transaction, CNA ceded net insurance reserves to an Enstar subsidiary of approximately $690 million not inclusive of any roll forward adjustments, relating to 2007 and prior year business, the company said.

Enstar said completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions.

Founded in Bermuda in 1993, Enstar now has more than 1,000 employees in 20 offices worldwide.

The company is publicly traded on the Nasdaq stock market.

You must be Registered or to post comment or to vote.

Published February 08, 2021 at 8:00 am (Updated February 07, 2021 at 5:41 pm)

Enstar completes reinsurance transaction

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon