Enstar Group Limited Announces Closure of Transaction to Reinsure $1.1 Billion of Allianz's Legacy U.S. Business

HAMILTON, Bermuda, March 31, 2016 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ:ESGR) announced today that one of its wholly owned subsidiaries completed a previously announced transaction to reinsure portfolios of Allianz Re's U.S. run-off business. The closing followed receipt of regulatory approval and satisfaction of closing conditions. In the transaction, Enstar assumes net reinsurance reserves of approximately $1...

New York, 31/03/2016 (informazione.news - comunicati stampa - varie)
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