{"id":160805,"date":"2024-10-01T13:30:56","date_gmt":"2024-10-01T12:30:56","guid":{"rendered":"https:\/\/www.reinsurancene.ws\/?p=160805"},"modified":"2024-10-02T10:25:08","modified_gmt":"2024-10-02T09:25:08","slug":"enstar-completes-400m-lpt-with-siriuspoint","status":"publish","type":"post","link":"https:\/\/www.reinsurancene.ws\/enstar-completes-400m-lpt-with-siriuspoint\/","title":{"rendered":"Enstar completes $400m LPT with SiriusPoint"},"content":{"rendered":"

A wholly owned subsidiary of legacy specialist Enstar Group has closed the previously announced<\/a> $400 million loss portfolio transfer (LPT) with a subsidiary of Bermuda-based insurer and reinsurer, SiriusPoint.<\/p>\n

\"enstar-logo\"This transaction sees Enstar’s subsidiary reinsure a $400 million portfolio of workers\u2019 compensation business, covering the underwriting years 2018 to 2023.<\/p>\n

Under the reinsurance agreement, SiriusPoint will cede net reserves of approximately $400 million, while Enstar\u2019s subsidiary will provide approximately $200 million of cover in excess of the ceded reserves, and claims management is also transferred to Enstar.<\/p>\n

The completion of this LPT follows the receipt of regulatory approvals and the satisfaction of various other closing conditions.<\/p>\n

The reinsurance broking arm of Marsh McLennan, Guy Carpenter, acted as the broker for this transaction.<\/p>

\"Artemis<\/a><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

A wholly owned subsidiary of legacy specialist Enstar Group has closed the previously announced $400 million loss portfolio transfer (LPT) with a subsidiary of Bermuda-based insurer and reinsurer, SiriusPoint. This transaction sees Enstar’s subsidiary reinsure a $400 million portfolio of workers\u2019 compensation business, covering the underwriting years 2018 to 2023. Under the reinsurance agreement, SiriusPoint […]<\/p>\n","protected":false},"author":19,"featured_media":156033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[36,1834,2298],"class_list":["post-160805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-enstar","tag-loss-portfolio-transfers","tag-siriuspoint"],"acf":[],"yoast_head":"\nEnstar 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