An Enstar subsidiary has entered into two co-insurance agreements with ReliaStar Life Insurance Co., a subsidiary of Voya Financial, Inc., by reinsuring all of the run-off made from workers’ compensation carve-outs.
In the agreement, Enstar took over $290 million in gross discounted reinsurance reserves while ReliaStar transferred assets into two separate collateral trusts that would secure Enstar’s obligations, according to a press release fromt he company. The Enstar subsidiary also transferred $67 million of funds into the trusts, furthering the support of the compan...
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