QBE secures $1.9bn LPT from Enstar on portfolio including financial lines and reinsurance

QBE has entered into another legacy transaction to tackle adverse development on prior-year liabilities, with a ground-up loss portfolio transfer (LPT) with Enstar providing $900mn of cover above $1.9bn of ceded reserves for a diversified portfolio of business largely written between 2010 and 2018.