Enstar
-
The Canadian pension fund will retain 9.4% of the carrier’s voting shares.
-
The deal is the largest in Enstar’s history and sets Aspen up either for a sale to a strategic buyer or a return to the public markets.
-
He has held a seat on the company’s board since 2017.
-
The former Hiscox CUO has $300mn of cornerstone backing from the PE firm to make a deal happen.
-
The agreement, which will leave Enstar with 26% of StarStone US, fulfills a long-term ambition for Stone Point.
-
SkyKnight, Dragoneer and Aquiline have led the investment.
-
Together with Hillhouse, the two insurers will launch a new legacy insurer, Enhanzed Re, with $470mn.
Most Recent
-
Lloyd’s London Bridge could add $1bn in the coming year
28 March 2024 -
Profits soar for Nephila syndicates 2357 and 2358
28 March 2024