Enstar Group Limited

NASDAQ:ESGR  
169.85
-6.64 (-3.76%)
Debt Financing / Related

Enstar Group Unit Entered Into Agreement With Allianz And Enhanzed Reinsurance

Published: 08/18/2022 21:39 GMT
Enstar Group Limited (ESGR) - Enstar Group Ltd - Unit Cavello Bay Reinsurance Entered Into a Master Agreement With Allianz Se and Enhanzed Reinsurance Ltd.
Enstar Group Ltd - Cavello Bay, Allianz Agreed to Transactions That Will Commute Or Novate All of the Reinsurance Contracts Written by Enhanzed Re.
Enstar Group Ltd - Cavello Bay, Allianz Transactions Will Repay $70 Million of Subordinated Notes Issued by Enhanzed Re to an Affiliate of Allianz.
Enstar Group Ltd - Cavello Bay, Allianz Transactions Will Distribute Enhanzed Re’s Excess Capital to Cavello Bay and Allianz.
Enstar Group - in July, Investment Portfolio Recognized Estimated Unrealized Gain of $221 Million, Driven by Improvement in Equity, Credit Markets, Drop in Interest Rates.