Enstar Group Limited signs a $430m adverse development cover deal with Insurance Australia Limited for IAG.
Enstar Group Limited signs an adverse development cover deal with Insurance Australia Limited for IAG. Enstar's wholly-owned subsidiary will provide up to $430m in excess cover over $1.7bn of underlying reserves for long-tail insurance business, covering products like liability, motor, professional risks, and workers' comp. The transaction is subject to regulatory approval and closing conditions.
June 27, 2024
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