CPPIB to Buy Stake in Enstar Group
Posted on 06/02/2015
The Canada Pension Plan Investment Board (CPPIB) agreed to purchase a 9.9% interest in insurance specialist Bermuda-based Enstar Group Ltd. Enstar is publicly listed. CPPIB acquired 1.9 million voting and non-voting ordinary shares from Greenwich-based First Reserve Corporation, a private equity firm. Enstar buys blocks of coverage in run-off. Essentially, the firm collects revenue and […]
