Enstar
-
Oliphant was CUO of Velocity Risk Underwriters, an underwriting arm of Markel-owned Nephila.
-
The former AmTrust executive will take over as full CFO at the end of February 2021.
-
The agreement, which will leave Enstar with 26% of StarStone US, fulfills a long-term ambition for Stone Point. -
The deal sets an exit plan for Stone Point from the Bermuda group’s North Bay entity if that business isn’t reorganised by year-end.
-
The legacy transaction will cover loss development at the carrier's operations, including its E&S business.
-
Enstar will remain a minority investor, with PE capital also drawn from Dragoneer and SkyKnight.
-
The deal, first announced in March, secures Aspen $770mn in cover for losses in excess of $3.8bn, as well as $250mn in excess $4.8bn.
-
The results were impacted by an unrealised investment loss of $612.6mn.
-
The carrier has agreed to reinsure legacy business underwritten by Zurich from 1 October 2015 to 30 September 2018.
-
The Bermuda company says its ADC deal with Enstar is bearing fruit.
-
Aspen is the latest to pass the risk of unfavourable reserve development on to reinsurers.
-
Losses at StarStone narrowed as the carrier cut premiums while Atrium profits were up 90 percent.
Related
-
Axis’s $2.3bn LPT deal primarily concerns liability, PL and motor: CFO
December 17, 2024 -
Axis enters into $2.3bn LPT reinsurance agreement with Enstar
December 16, 2024 -
Enstar/Sixth Street go-shop period ends with no alternative offers
September 04, 2024