Enstar Group to reinsure $0.5B asbestos & environmental liability

|About: Enstar Group Limited (ESGR)|By:, SA News Editor

A subsidiary of Enstar Group (NASDAQ:ESGR) unit enters an agreement with a subsidiary of Zurich Insurance Group to reinsure a number of U.S. a number of U.S. asbestos and environmental liability insurance portfolios.

Enstar's subsidiary will assume gross insurance reserves of ~$0.5B relating to 1986 and prior year business.

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