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Enstar Group Subsidiary Cavello Bay Acquires A Bermuda-Domiciled Class 3B Insurer And Segregated Accounts Company; No Terms Disclosed

Author: Benzinga Newsdesk | November 05, 2024 05:28pm

The Reinsurer underwrote property reinsurance business between 2020 and 2023 on behalf of third-party investors, assuming the risk through retrocession agreements with a fronting carrier. The Reinsurer had $66 million of shareholders' equity at the end of July 2024.


 

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