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Enstar Completes Previously Announced Transactions With James River

Enstar Completes Previously Announced Transactions With James River

恩斯塔完成了之前宣佈的與James River的交易
GlobeNewswire ·  12/24 05:00

HAMILTON, Bermuda, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (NASDAQ: ESGR) announced today that it has completed the previously announced transaction between one of its wholly owned subsidiaries and certain subsidiaries of James River Group Holdings, Ltd. ("James River"), following receipt of the relevant regulatory approval and satisfaction of the other closing conditions.

哈密爾頓,百慕大,2024年12月23日(全球新聞稿)-- 恩斯塔集團有限公司("恩斯塔")(納斯達克:ESGR)今天宣佈,它已完成之前宣佈的交易,該交易涉及其全資子公司與James River集團控股有限公司("James River")的某些子公司,交易已獲得相關監管機構的批准並滿足其他成交條件。

Under the terms of the adverse development cover ("ADC") agreement, Enstar's subsidiary has provided $75 million of limit in excess of the existing $160 million ADC reinsurance coverage provided to such subsidiaries of James River by State National Insurance Company, Inc. earlier this year. The transaction provides further protection against future adverse reserve development for certain U.S. casualty exposures within James River's Excess & Surplus Lines segment for accident years 2010 to 2023. Enstar's subsidiary also closed on its previously announced $12.5 million investment in James River common stock.

根據不利發展保險("ADC")協議的條款,恩斯塔的子公司提供了7500萬美元的限額,超過了今年早些時候由國家國家保險公司(State National Insurance Company, Inc.)提供給James River的子公司現有的16000萬美元ADC再保險覆蓋。該交易爲對2010年至2023年事故年度內James River的意外及附加保險業務中的不利準備金發展提供了進一步的保護。恩斯塔的子公司還完成了先前宣佈的對James River普通股1250萬美元的投資。

About Enstar

關於恩斯塔

Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see .

恩斯塔是一家在納斯達克上市的全球領先保險集團,通過在百慕大、美國、英國、歐洲大陸、澳洲和其他國際地點的集團公司網絡提供創新的資本釋放解決方案。作爲完成遺留收購的市場領導者,恩斯塔自2001年成立以來已收購了120多家公司和投資組合。有關恩斯塔的更多信息,請參見。

Contact:

聯繫方式:

For Enstar:
For Investors: Matthew Kirk (investor.relations@enstargroup.com)
For Media: Jenna Kerr (communications@enstargroup.com)

關於恩斯塔:
關於投資者:馬修·基克 (investor.relations@enstargroup.com)
關於媒體:珍娜·克爾 (communications@enstargroup.com)


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