Aspen inks $3.57bn LPT cover with Enstar to free up capital and protect balance sheet

Aspen has agreed a loss portfolio transfer of its 2019 and prior liabilities to legacy giant Enstar, a move the (re)insurer’s chairman and CEO Mark Cloutier said will positively impact its capital position allowing it to deploy into attractive market conditions at the same time as protecting its balance sheet from historic soft market underwriting.