 Enstar Group Limited ESGR announced today that one of its wholly-owned subsidiaries has completed a transaction with Great Lakes Insurance SE and HSB Engineering Insurance Limited, both subsidiaries of Munich Re, pursuant to which Enstars subsidiary has acquired certain portfolios from their Australian branches. In the transaction, Enstars subsidiary received total assets of approximately AUD228.2 million approximately 156.2 million, subject to a final roll-forward adjustment, for assuming the associated net reserves, which primarily relate to long tail insurance business. Completion of the transaction followed receipt of regulatory and federal court of Australia approvals and satisfaction of various other closing conditions. 