Enstar to sell Pavonia life for $120mn

Bermudian Enstar is set to sell Pavonia, which comprises a large
portion of its legacy life business, to a subsidiary of US
investment house Eli Global for a total consideration of
$120mn.
The legacy-to-live carrier acquired Delaware-domiciled Pavonia
from HSBC for $155.6mn in a deal that closed at the end of March
2013.
"Since acquiring the business in 2013, we have put in place
improved processes and effective systems that have driven solid
contributions to Enstar and have significantly enhanc