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Enstar Group Completes Sale Of StarStone US

Enstar Group Completes Sale Of StarStone US

Enstar Group has completed the sale and recapitalization of StarStone U.S. Holdings, Inc. through the sale of StarStone U.S to Core Specialty Insurance Holdings, Inc. in exchange for a combination of cash and approximately 25% of the shares in Core Specialty. “Completion of the transaction followed receipt of regulatory approvals and satisfaction... Read more of this article

Enstar Group To Sell Starstone Underwriting

Enstar Group To Sell Starstone Underwriting

Enstar Group Limited and Stone Point Capital have signed definitive agreements to sell StarStone Underwriting Limited, the Lloyd’s managing agency, together with the right to operate Lloyd’s Syndicate 1301, to Inigo Limited, a new specialty re/insurance holding company. “Enstar, Stone Point and Dowling funds will receive $30 million of consideration... 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, 2020. Enstar reported consolidated net earnings of $615.0 million [or $28.24 per fully diluted ordinary share] and $896.7 million [or $41.14 per fully diluted ordinary share] for the... 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 December... Read more of this article

Enstar Completes First IBT Transaction In US

Enstar Completes First IBT Transaction In US

Enstar Group Limited has announced that it has successfully completed the “first ever insurance business transfer [IBT] to occur in the United States.” A spokesperson said, “Enstar Group Limited today announced that it has successfully completed the first ever insurance business transfer to occur in the United States, having received... 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. A spokesperson said, “Enstar Group Limited announced today that one of its wholly-owned subsidiaries... Read more of this article

Sandra Boss To Step Down From Enstar Board

Sandra Boss To Step Down From Enstar Board

Enstar Group Limited announced that Sandra Boss will step down from its Board of Directors in order to pursue a full-time executive role with another company. Ms. Boss has been a director of the Company since November 2015. She serves as Chair of the Risk Committee and is a member of the Compensation Committee and the Nominating and Governance Committee.... 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 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