Enstar completes $3bn+ LPT with Aspen
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Enstar completes $3bn+ LPT with Aspen

Luke Harrison
May 23, 2022
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enstar_logo_bermuda_2021.png

Enstar has closed the previously announced deal for a ground-up loss portfolio transfer (LPT) with Apollo-owned Bermuda (re)insurer Aspen Insurance Holdings for its 2019 and prior business, in which Enstar will assume net loss reserves of $3.12bn, subject to a limit of $3.57bn.

As a result of the LPT, Enstar assumed an incremental $2.35bn of net loss reserves, with a mix of property, liability and specialty lines, in exchange for incremental premium of $2.39bn,

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Topics

Enstar Legacy News Aspen
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Luke Harrison
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