Hannover Re sells $200m Clarendon
Reinsurer Hannover Re has sold US subsidiary Clarendon Insurance Group to Bermuda-based company Enstar for $200m (£129m).
In a statement, Hannover Re explained that the sale would free up cash and reduce the level of reinsurance recoverables.
Hannover Re, chief executive Ulrich Wallin (pictured) said: "With the sale of
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