Enstar to reinsure portfolios for Liberty Mutual Insurance Europe

A subsidiary of Enstar Group has signed an agreement to reinsure a number of US energy liability, US construction liability and US homebuilders liability insurance portfolios for Liberty Mutual Insurance Europe (LMIE).

The contracts were written by LMIE’s London branch.

Enstar’s subsidiary will assume gross insurance reserves of approximately $420 million, relating to 2019 and prior year business.

The closing of the transaction is subject to regulatory approval and other closing conditions.