An Enstar Group Limited wholly-owned subsidiary has closed its loss portfolio transfer transaction with speciality insurance underwriter Argo Group International Holdings, Ltd, to reinsure a number of.
HAMILTON, Bermuda, Nov. 09, 2022 (GLOBE NEWSWIRE) Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed its Loss Portfolio Transfer transaction with
Bermudian-based Enstar Group Limited has reported a third-quarter net loss of $444 million.
That compares with a net loss of $196 million for the three months ended September 30, 2021.
The company has.
Net Loss of $444 million and Return on Equity of (10.6)%, driven by unrealized losses on fixed income securities in rising interest rate environment Book Value per Ordinary Share of $208.60 ($206.25 Adjusted )