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The Canadian PE house is delaying close and seeking to renegotiate aspects of the deal.
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The deal will see Darag manage open claims relating to the runoff of Unipol Re.
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The CEO also discussed the need for portfolio diversification.
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Major deals include a $1.3bn loss portfolio transfer with SiriusPoint.
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The former R&Q head of legacy will join as an adviser.
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The vehicle will give the legacy carrier a US platform.
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Enstar recorded $280mn of other income in Q1 2023 related to Enhanzed Re.
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Love joins from Scor, where she was assistant vice president, insurance operations.
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The legacy deal comes one year after a $1.3bn LPT with Compre covering several lines.
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The legacy carrier is to buy the captive from a “very large” multinational firm.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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Increasingly, deals are being brought to market but not transacted on.