Aligned Re will write 35% StarStone quota share

Total return reinsurance start-up Aligned Re will initially draw
all of its live business from Enstar's operating subsidiaries
StarStone and Atrium, according to its fundraising presentation.Aligned Re will target underwriting leverage of 0.4x, equivalent
to $280mn of premiums based on its expected $700mn capitalisation.The lion's share of the assumed business will
come from StarStone (formerly Torus), the global specialty insurer
Enstar acquired in 2014 for $646mn.Aligned Re will write a 35 per