Aspen locks in nearly $3.6bn LPT with Enstar for 2019 loss years and prior
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Aspen locks in nearly $3.6bn LPT with Enstar for 2019 loss years and prior

James Thaler
10 January 2022
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Aspen Enstar logos finance abstract.jpg

Apollo-owned Bermuda (re)insurer Aspen Insurance Holdings has agreed to transfer $3.12bn in prior-year loss reserves covering all business lines for accident years 2019 and prior to legacy specialist Enstar, the two firms announced on Monday.

The deal gives Aspen $450mn in limit for deterioration in prior-accident year losses, meaning under the transaction’s terms, Aspen would assume liability for prior-year losses in excess of $3.57bn.

The

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NewsLegacyAspenEnstar
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James Thaler
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