Allianz Transfers $1.1B of Policy Obligations to Reinsurer Enstar, Limiting US Risks

Allianz SE, Europe’s biggest insurer, struck a deal to limit risks in the U.S. by transferring policy obligations to reinsurer Enstar Group Ltd. Enstar will assume net reinsurance reserves of about $1.1 billion and cover half of a book of business …

from News – Insurance Journal