Enstar Completes First Insurance Business Transfer Transaction in the U.S.
Oct 15, 2020
An IBT is a direct transfer of liabilities between insurers after review by an Independent Expert and receiving regulatory and judicial approval. The Oklahoma Insurance Business Transfer Act (“IBT Act”) includes similar principles as the Part VII of the Financial Services and Markets Act of 2000 in the
Although common in many parts of the world, this is the first insurance business transfer to occur in
Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in
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Source: Enstar Group Limited