Reported Earlier, Enstar To Assume $376M In Loss Reserves From QBE In Strategic Loss Portfolio Transfer Deal
Portfolio Pulse from Benzinga Newsdesk
Enstar Group Limited (ESGR) will assume $376 million in loss reserves from QBE in a strategic loss portfolio transfer deal. The transaction is expected to complete in the fourth quarter of 2024, pending regulatory approvals and other conditions.
August 09, 2024 | 7:06 am
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Enstar Group Limited (ESGR) will assume $376 million in loss reserves from QBE in a strategic loss portfolio transfer deal. The transaction is expected to complete in the fourth quarter of 2024, pending regulatory approvals and other conditions.
The assumption of $376 million in loss reserves from QBE is a significant strategic move for Enstar Group. This deal will likely enhance ESGR's financial position and market perception, pending regulatory approvals and other conditions. The market may react positively in the short term due to the strategic nature of the transaction.
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