Enstar presses ahead with Aligned Re launch

Enstar is pushing on with its total return reinsurance start-up
Aligned Re, confounding rumours in the market that it may follow XL
Catlin's Alloy Re in being pulled.
The Insurance Insider understands that
the delayed capital raise for the business is now likely to close
next month, three to four months later than initially
envisaged.
The hybrid live-legacy total return reinsurer set out to raise a
total of $700mn by April this year, with $220mn pledged by Enstar,
private equity...