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Enstar Completes the Transfer of Certain Run-Off Portfolios From Great Lakes and HSB Engineering Insurance Australian BranchesGlobeNewswireJuly 01, 2020HAMILTON, Bermuda, July 01, 2020 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has completed a transaction with Great Lakes Insurance SE and HSB Engineering Insurance Limited, both subsidiaries of Munich Re, pursuant to which Enstar’s subsidiary has acquired certain portfolios from their Australian branches. In the transaction, Enstar’s subsidiary received total assets of approximately AUD$228.2 million (approximately $156.2 million), subject to a final roll-forward adjustment, for assuming the associated net reserves, which primarily relate to long tail insurance business. Completion of the transaction followed receipt of regulatory and federal court of Australia approvals and satisfaction of various other closing conditions. About Enstar
Source: AsiaOne