Enstar subsidiary completes portfolio transfer with Hiscox
Updated: Jun 03, 2021 02:22 PM
A subsidiary of Bermudian-based Enstar Group Ltd has completed a loss portfolio transfer with Hiscox Ltd, the global specialty insurer headquartered on the island.
The company said Enstar Syndicate 2008 has reinsured a diversified portfolio of legacy insurance business underwritten by Hiscox Syndicate 3624, including the majority of Hiscox USA’s surplus lines broker business.
Through the transaction, Enstar said Hiscox has ceded net insurance reserves of approximately $520 million at December 31 2020 relating to 2019 and prior-year business.
Done deal: Enstar has entered into a loss portfolio transfer with Hiscox
Comments
Published June 03, 2021 at 2:21 pm (Updated June 03, 2021 at 2:22 pm)
What you
Need to
Know
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon
