Enstar acquires controlling stake in Bermudian reinsurer

Bermuda-based insurer Enstar Group Ltd. now holds a controlling stake of 75.1% in Bermudian reinsurer Enhanzed Reinsurance Ltd. after acquiring another 27.7% stake from a Hillhouse Capital Group affiliate for around $217 million, Verdict reported. Allianz SE will retain its 24.9% interest in the reinsurer.