JDC TECHNICAL EVALUATION REPORT

Subject: STOP PRESS: The ILS Exit

Reference: UID6058

Market Authority: London & International Markets

Case Ref: ENST-ARTX-ILS-2026

Date: 20th April 2026

Status: COMMENTARY

Case Summary (Tier 4):

Strategic partnership announced April 16 to provide “Finality” for ILS investors; a direct strike against trapped capital.

Case Detail (Tier 5):

The Anchor Deal: Breaking: Strategic partnership between Enstar & Artex

Reserve Volume: N/A

Operational Finality: Strategic partnership announced April 16 to provide “Finality” for ILS investors.

Efficiency Metric: A direct strike against trapped capital.

Additional Comment:

N/A