Aioi Europe run-off book goes to Bermudian buyer
The Enstar Group and its affiliates, Castlewood Holdings and Shinsei Bank have agreed the purchase of a run-off book owned by Aioi Insurance Company of Europe Limited, a London-based subsidiary of Aioi Insurance Company.
The aggregate purchase price to be paid for Aioi Europe is £62m, with £50m in cash upon the closing of the transaction and £12m in the form of a promissory note, payable 12 months from the date of the
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