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ESGR - Enstar marks first insurance business transfer in the US
Enstar Group Limited
Enstar Group (ESGR) completes first ever insurance business transfer or IBT in the United States, having received judicial approval from the Oklahoma County District Court. The transaction occurred between two of the subsidiaries, Providence Washington Insurance Company and Yosemite Insurance CompanyAn IBT is a direct transfer of liabilities between insurers after review by an Independent Expert and receiving regulatory and judicial approval.Press Release