Legacy
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Of that total, $312.5mn was allocated to resolve the PFAS claims. -
The vehicle will give the legacy carrier a US platform.
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Enstar recorded $280mn of other income in Q1 2023 related to Enhanzed Re.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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Increasingly, deals are being brought to market but not transacted on.
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The market is shifting towards capital relief, with fewer, larger deals.
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The company reiterated its commitment to consummating the Accredited sale.
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Its PE owners have been exploring strategic options since May last year.
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Axis’s reserve cleanup removes longstanding overhang and narrows the credibility gap.
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The transaction would have been one of the largest the market has seen for years.
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The executive joined the legacy carrier as CIO in 2020.
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As part of the transaction, Carrick will assume the company’s staff and operations.
Related
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Sixth Street completes $5.1bn acquisition of Enstar
July 02, 2025 -
Compre appoints HSCM’s Bardon to newly created CUO role
June 12, 2025 -
Enstar Q1 net profit falls 58% to $50mn
May 02, 2025