Fri, 3rd May 2019 17:28
3 May 2019
esure Group plc
Solvency Capital Coverage
esure Group plc ("the Group") today announces that its solvency capital coverage ratio is 149% as at 31 March 2019 (31 December 2018: 108%). The solvency capital coverage ratio has increased due to the Group implementing a reinsurance arrangement (Loss Portfolio Transfer combined with Adverse Development Cover).
(1) Loss Portfolio Transfer is a reinsurance arrangement where a reinsurer assumes and accepts the Group's existing open and future claims liabilities through the transfer of the Group's net claims liabilities at 31 March 2019.
(2) Adverse Development Cover is a reinsurance arrangement where cover attaches on aggregate basis and limits net claims liabilities deteriorating beyond a pre-agreed point.
For further information, please contact:
t: +44 (0)1737 235504
Head of Investor Relations & Corporate Strategy
t: +44 (0)1737 641324