{"id":1983,"date":"2024-12-24T08:00:40","date_gmt":"2024-12-24T09:00:40","guid":{"rendered":"https:\/\/lifeline-chiropractic.com\/?p=1983"},"modified":"2024-12-24T11:23:21","modified_gmt":"2024-12-24T11:23:21","slug":"enstar-completes-75m-legacy-reinsurance-agreement-with-james-river","status":"publish","type":"post","link":"https:\/\/lifeline-chiropractic.com\/index.php\/2024\/12\/24\/enstar-completes-75m-legacy-reinsurance-agreement-with-james-river\/","title":{"rendered":"Enstar completes $75m legacy reinsurance agreement with James River"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.reinsurancene.ws\/enstar-enters-into-additional-75m-legacy-reinsurance-agreement-with-james-river\/\">previously announced<\/a> $75 million adverse development cover (ADC) reinsurance agreement between a wholly owned subsidiary of legacy player Enstar Group and certain subsidiaries of Bermuda-domiciled insurance holding company, James River Group Holdings, has been completed following receipt of the relevant regulatory approval and satisfaction of the other closing conditions.<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-156033 alignright lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"enstar-logo\" width=\"340\" data-src=\"https:\/\/lifeline-chiropractic.com\/wp-content\/uploads\/2024\/12\/enstar-logo.jpg\">Enstar\u2019s subsidiary, Cavello Bay Reinsurance Limited will handle both transactions.<\/p>\n<p>As previously reported, under the terms of the ADC agreement, Enstar\u2019s subsidiary has provided $75 million of limit in excess of the<a href=\"https:\/\/www.reinsurancene.ws\/james-river-enters-into-lpt-and-adc-reinsurance-agreement-with-state-national\/\"> existing $160 million ADC<\/a> reinsurance coverage provided to such subsidiaries of James River by State National Insurance Company, Inc. earlier this year.<\/p>\n<p>The deal further protects against future adverse reserve development for certain US casualty exposures within James River\u2019s Excess &amp; Surplus Lines segment for accident years 2010 to 2023.<\/p>\n<p>Enstar\u2019s subsidiary will also close the previously announced additional $12.5 million investment in James River common stock.<\/p>\n<p>The post <a href=\"https:\/\/www.reinsurancene.ws\/enstar-completes-75m-legacy-reinsurance-agreement-with-james-river\/\">Enstar completes $75m legacy reinsurance agreement with James River<\/a> appeared first on <a href=\"https:\/\/www.reinsurancene.ws\">ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The previously announced $75 million adverse development cover (ADC) reinsurance agreement between a wholly owned&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/posts\/1983"}],"collection":[{"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/comments?post=1983"}],"version-history":[{"count":2,"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/posts\/1983\/revisions"}],"predecessor-version":[{"id":1986,"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/posts\/1983\/revisions\/1986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/media\/1985"}],"wp:attachment":[{"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/media?parent=1983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/categories?post=1983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeline-chiropractic.com\/index.php\/wp-json\/wp\/v2\/tags?post=1983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}