Enstar reinsures $1.1bn Allianz US legacy book

Run-off specialist Enstar has agreed a legacy reinsurance
transaction with Allianz to cover the global insurer's $1.1bn
US run-off portfolio.
The announcement made by Enstar yesterday (17 February)confirmed earlier reports by The Insurance
Insider that the companies were working together to
bring to finality a portfolio of legacy Fireman's Fund business
containing workers' compensation and asbestos exposures.Enstar will write a quota share of the portfolio, while Allianz
reinsurance unit Allianz