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Enstar Completes Maiden Re Adverse Development Cover Reinsurance Transaction

Aug 05, 2019 - GlobeNewswire

HAMILTON, Bermuda, Aug. 05, 2019 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that its subsidiary has completed an adverse development cover reinsurance transaction with Maiden Reinsurance Ltd. ("Maiden Re"). The adverse development cover is with respect to Maiden Re's quota share reinsurance contract with AmTrust Financial Services, Inc.'s Bermuda subsidiary ("AmTrust Bermuda") for losses incurred on or prior to December 31, 2018 in excess of a $2.178 billion retent...