Enstar Group to acquire BorgWarner Morse TEC from BorgWarner.

Enstar Group, an insurance group, agreed to acquire BorgWarner Morse TEC, a wholly-owned subsidiary of the company that holds asbestos and certain other liabilities, from BorgWarner, an American worldwide automotive industry components and parts supplier. Financial terms were not disclosed. "Enstar continues to provide market-leading legacy solutions for large corporates and their historic liabilities. This is our second acquisition of a non-insurance company and we see a growing potential market here as we expand our business," Dominic Silvester, Enstar's Chief Executive Officer.