At the heart of Enstar’s business is the acquisition and management of (re)insurance portfolios that are no longer a core focus for clients. We assume ceased lines of business and entire companies, enabling clients to release capital, free up management time and refocus their resources on strategic priorities.
We work closely with each client to find the best solution – helping them put retrospective business behind them and concentrate on the future.
Key areas where we help clients include:
Our solutions often rely on established transfer mechanisms, some of which we have played a role in shaping:
Loss Portfolio Transfer (LPT)
A transaction through which we assume financial responsibility for all future claims payments on a (re)insurance portfolio, up to an agreed limit.
Recent examples: QBE, Argo, Aspen
Adverse Development Cover (ADC)
A transaction where we cover losses exceeding expected reserves on a (re)insurance portfolio, up to an agreed limit. ADCs can be “in the money” where losses are covered immediately, or “out of the money” where they are covered above a predetermined threshold.
Recent examples: AXA, AIG, RSA
Insurance Business Transfer (IBT)
A transaction through which we assume financial responsibility for an entire (re)insurance portfolio including all policies, assets and liabilities.
Recent examples: Morse TEC, Dana Companies, Yosemite
Legal Entity Sale
A transaction in which we take full ownership and responsibilities through the acquisition of an entire legal entity, including all assets, liabilities and operations.
Recent examples: Providence Washington IBT, Munich Re Division 3A, RSA Part VII Transfer
Every client faces a unique set of retrospective challenges, so our approach focuses on supporting their strategic goals through bespoke solutions aligned to their precise needs.
Assets
March 31, 2025
Liabilities
March 31, 2025
Financial strength rating
AM Best and S&P
For business written via Cavello Bay
Total acquisitive transactions since formation
