William Fry advised Enstar Group in the sale of its Irish life insurance company Laguna Life DAC to Monument Re.

William Fry worked closely with the Enstar and Laguna teams on the project, advising on the 100% share purchase transaction.  Laguna has been acquired by Monument Re’s Irish subsidiary, Monument Assurance DAC.  This is part of Monument Re's strategy of acquiring and consolidating books of life business across the European market and reinsuring asset-intensive business, particularly in the pension and annuity sectors.

The William Fry team was led by Insurance and Reinsurance Partner, Eoin Caulfield, who was assisted by Solicitor, Catherine Carrigy. Commenting on the matter, Caulfield said "We were delighted to advise the Enstar team on this insurance run-off transaction, an increasing feature of the Irish cross-border insurance market."