Enstar Closes Previously Announced Transaction With AIG
02 November 2023 - 7:34AM
Enstar Group Limited (NASDAQ: ESGR) announced today that one of its
wholly-owned subsidiaries has closed the previously announced
transaction with American International Group, Inc. (“AIG”) to
provide protection to AIG on its retained exposure to adverse
development on Validus Re’s loss reserves.
The cover became effective as of the closing of AIG’s sale of
Validus Re to RenaissanceRe on November 1, 2023, when all
regulatory approvals were obtained and all closing conditions were
satisfied.
About Enstar
Enstar is a NASDAQ-listed leading global (re)insurance group
that offers capital release solutions through its network of group
companies in Bermuda, the United States, the United Kingdom,
Continental Europe and Australia. A market leader in completing
legacy acquisitions, Enstar has acquired over 115 companies and
portfolios since its formation. For further information about
Enstar, see www.enstargroup.com.
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Contact: Group Communications |
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Telephone: +1 (441) 292-3645 |
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