January 29, 2018 / 12:23 PM / in 5 months

BRIEF-Enstar Reinsures £840 Mln Portfolio Of Novae Legacy Business

Jan 29 (Reuters) - Enstar Group Ltd:

* ENSTAR REINSURES £840 MILLION PORTFOLIO OF NOVAE LEGACY BUSINESS

* ENSTAR GROUP - ANNOUNCED ITS LLOYD’S MANAGING AGENCY, STARSTONE UNDERWRITING LIMITED, FINALIZED REINSURANCE-TO-CLOSE DEAL WITH AXIS MANAGING AGENCY

* ENSTAR GROUP LTD - ENSTAR’S SYNDICATE 2008 WILL REINSURE TO CLOSE 2015 AND PRIOR UNDERWRITING YEARS OF ACCOUNT OF NOVAE SYNDICATE 2007

* ENSTAR GROUP - ENSTAR TO ASSUME NET REINSURANCE RESERVES OF ABOUT £600 MILLION RELATING TO PORTFOLIO, GROSS RESERVES OF ABOUT £840 MILLION EFFECTIVE JAN 1, 2018 Source text for Eikon: Further company coverage:

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