JDC TECHNICAL EVALUATION REPORT

Subject: The ILS Solution – Unlocking Trapped ILS Capital

Reference: UID 6067

Market Authority: Global ILS & Legacy Markets

Case Ref: ENST-ARTX-ILS

Date: 04.05.2026

Status: Active

Case Summary (Tier 4): Enstar and Artex launch a mechanical solution for the “trapped capital” problem, providing a clear-break exit for ILS investors.

Case Detail (Tier 5): * The Anchor Deal: Enstar / Artex Capital Solutions Partnership.

• Reserve Volume: Targeting the multi-billion dollar “trapped” ILS backlog.
• Operational Finality: Providing a secondary market bridge between legacy appetite and ILS liquidity needs.
• Efficiency Metric: Mechanical breakthrough in finality timelines.

Additional Comment:

N/A