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Enstar Completes Reinsurance Of $0.5 Billion

Enstar Completes Reinsurance Of $0.5 Billion

Enstar Group Limited announced that one of its wholly-owned subsidiaries has completed a previously announced transaction to reinsure a number of the U.S. asbestos and environmental liability insurance portfolios of Zurich North America. In the transaction, Enstar’s subsidiary assumed gross insurance reserves of approximately $0.5 billion, relating... Read more of this article

Enstar Transfer Of Certain Run-Off Portfolios

Enstar Transfer Of Certain Run-Off Portfolios

Enstar Group Limited announced that one of its wholly-owned subsidiaries has signed an agreement with subsidiaries of Munich Re to acquire certain portfolios from their Australian branches of Great Lakes Insurance and HSB Engineering Insurance, primarily of long tail insurance business. In the transaction, which is subject to regulatory and Federal... Read more of this article

Enstar Quarterly Preference Share Dividends

Enstar Quarterly Preference Share Dividends

Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share [each of which represents a 1/1,000th interest in a Series D Preference Share] will be payable on March... Read more of this article

Enstar Completes Maiden Re Acquisition

Enstar Completes Maiden Re Acquisition

Enstar Group Limited announced that one of its wholly-owned subsidiaries completed a previously announced transaction 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, casualty... Read more of this article

Partnership Formed To Invest In Enhanzed Re

Partnership Formed To Invest In Enhanzed Re

Enstar Group has entered into a joint venture to invest in Enhanzed Reinsurance Ltd., a Bermuda-based Class 4 and Class E reinsurer. Enhanzed Re will reinsure life, non-life run-off, and property and casualty insurance business, initially sourced from Allianz SE and Enstar. Enstar, Allianz and Hillhouse affiliates have made equity investment commitments... Read more of this article

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 Completes Reinsurance... 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