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Enstar To Acquire Maiden Re North America

Enstar To Acquire Maiden Re North America

Enstar Group announced today [Aug 31] that one of its wholly owned subsidiaries has entered into a definitive agreement to acquire Maiden Reinsurance North America, Inc. from a subsidiary of Maiden Holdings, Ltd. “Maiden Re North America is a diversified insurance company domiciled in Missouri that provides property and casualty treaty reinsurance,... Read more of this article

Enstar Group Reports 2017 Year End Results

Enstar Group Reports 2017 Year End Results

Bermuda-based Enstar Group Limited filed its annual report on Form 10-K with the SEC, reporting its earnings and financial position for the year ended December 31, 2017. Enstar reported consolidated net earnings of $311.5 million [or $15.95 per fully diluted share] for the year ended December 31, 2017compared to $264.8 million [or $13.62 per fully diluted... Read more of this article

Enstar To Acquire Full Ownership Of KaylaRe

Enstar To Acquire Full Ownership Of KaylaRe

Enstar Group has signed an agreement to acquire a further 52% stake in KaylaRe Holdings Ltd., the parent company of KaylaRe Ltd., a Bermuda-based, Class 4 reinsurer. Added to its existing 48% equity holding, the acquisition will give Enstar full ownership of KaylaRe. Enstar founded KaylaRe in 2016 alongside funds managed by Hillhouse Capital Management,... Read more of this article

Enstar Reinsures £840M Novae Legacy Portfolio

Enstar Reinsures £840M Novae Legacy Portfolio

Enstar Group Limited announced that its Lloyd’s managing agency, StarStone Underwriting Limited, has finalized a reinsurance-to-close transaction with AXIS Managing Agency Limited under which Enstar’s Syndicate 2008 will reinsure to close the 2015 and prior underwriting years of account of Novae Syndicate 2007. Enstar will assume net reinsurance... Read more of this article

Enstar Group To Sell Pavonia Life Business

Enstar Group To Sell Pavonia Life Business

Enstar Group Limited has completed a previously disclosed transaction to sell its subsidiary, Pavonia Holdings [US], Inc. for a total purchase price of $120 million to an affiliate of Global Bankers Insurance Group, LLC. Enstar originally acquired the Pavonia business from HSBC Finance in 2013. Related StoriesEnstar Group Reports Third... Read more of this article

Enstar Group Reports Third Quarter Results

Enstar Group Reports Third Quarter Results

Enstar Group Limited filed its quarterly report on Form 10-Q with the SEC, reporting its earnings and financial position for the three and nine months ended September 30, 2017. Enstar reported consolidated net earnings of $39.0 million [or $1.99 per fully diluted share] for the three months ended September 30, 2017, compared to $156.0 million [or $8.02... Read more of this article

Enstar Group Reports Second Quarter Results

Enstar Group Reports Second Quarter Results

Enstar Group Limited filed its quarterly report on Form 10-Q with the SEC, reporting its earnings and financial position for the three and six months ended June 30, 2017. Enstar reported consolidated net earnings of $90.2 million [or $4.62 per fully diluted share] for the three months ended June 30, 2017, compared to $40.6 million [or $2.09 per fully... Read more of this article

Enstar Group Reports 2016 Year End Results

Enstar Group Reports 2016 Year End Results

Bermuda-based Enstar Group Limited filed its annual report on Form 10-K with the SEC, reporting its earnings and financial position for the year ended December 31, 2016. Enstar reported consolidated net earnings of $264.8 million [or $13.62 per fully diluted share] for the year ended December 31, 2016 compared to $220.3 million [or $11.35 per fully... Read more of this article

Enstar To Sell Pavonia To Global Bankers

Enstar To Sell Pavonia To Global Bankers

Enstar Group Limited  has entered into an agreement to sell its subsidiary Pavonia Holdings [US], Inc. for a total purchase price of $120 million to an affiliate of Global Bankers Insurance Group, the insurance and reinsurance group of companies of Eli Global, LLC. Pavonia owns Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company... Read more of this article

Enstar Group To Reinsure RSA Insurance Group

Enstar Group To Reinsure RSA Insurance Group

Bermuda-based Enstar Group Limited announced that one of its wholly owned subsidiaries has signed an agreement to reinsure RSA Insurance Group PLC’s [RSA] U.K. employers’ liability legacy business. Enstar’s subsidiary will assume gross insurance reserves of approximately £957 million [approximately $1.2 billion], relating to 2005... Read more of this article

Enstar Acquires Dana Companies For $91.5M

Enstar Acquires Dana Companies For $91.5M

Enstar Group Limited announced that Enstar Holdings [US] Inc. has acquired Dana Companies, LLC  from Dana Incorporated  for a total purchase price of $91.5 million. “Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies for vehicles,” Enstar said. “Dana Companies holds... Read more of this article

Enstar Group Launches Reinsurer KaylaRe

Enstar Group Launches Reinsurer KaylaRe

Enstar Group Limited  announced today the launch of KaylaRe Ltd., a Bermuda-based, Class 4 reinsurer offering a diversified range of specialty reinsurance to the global insurance market. “KaylaRe launches with initial capital of $620 million, backed by a $300 million investment from Enstar; $270 million from funds managed by Hillhouse Capital... Read more of this article

StarStone To Begin Underwriting In Australia

StarStone To Begin Underwriting In Australia

StarStone, the global specialty insurer and subsidiary of Bermuda-based Enstar Group Limited, announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian operation, subject to regulatory approval. StarStone Australia will be led by Robin Barham and will target specialty business... Read more of this article