Enstar books $444mn loss for Q3 2022
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Enstar books $444mn loss for Q3 2022

Aisling Finn
November 03, 2022
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Enstar has reported a net loss of $444mn for the third quarter, taking its net losses to $1.2bn for the year to date.

Earlier this year, Enstar entered a loss portfolio transfer (LPT) with Argo for its US insurance back book.

The LPT covers ground-up reserves of $746mn, and an additional $275mn of cover in excess of $821mn, up to a policy limit...

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