Enstar takes on $500m of Zurich’s A&E run-off

A subsidiary of Enstar Group has signed an agreement with a subsidiary of Zurich Insurance to reinsure a number of the insurer’s US asbestos and environmental liability insurance portfolios. Enstar’s wholly-owned subsidiary will assume gross insurance reserves of around $500m, relating to 1986 and prior year business, Enstar said in a statement.

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