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Reported Earlier, Enstar To Assume $376M In Loss Reserves From QBE In Strategic Loss Portfolio Transfer Deal

Author: Benzinga Newsdesk | August 09, 2024 02:06am

Under the terms of the agreement, Enstar's subsidiary will assume net loss reserves from QBE of $376 million, as of the effective date of July 1, 2024, and will provide approximately $175 million of cover in excess of the ceded reserves.

The transaction is expected to complete in the fourth quarter of 2024 upon receipt of regulatory approvals and satisfaction of other customary closing conditions.

Posted In: ESGR


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