Enstar’s Starstone Syndicate 2008, a managing agency and provider of finality for Lloyd’s run-off business, has finalised four run-off deals for Lloyd’s Syndicates managed by AmTrust.
Specifically, Starstone has completed four reinsurance-to-close transactions for the 2016 and prior years of account of Syndicates 1206, 1861, 2526 and 5820, formerly managed by AmTrust Syndicates.
Through these transactions, Enstar has assumed net reinsurance reserves of approximately £650 million ($830 million).
Enstar has acquired over 90 companies and portfolios since its formation in 2001.
In 2018, Syndicate entered into reinsurance-to-close agreements with Axis Managing Agency and Neon Underwriting.
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