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Enstar Group Ltd Reports First Quarter Results

Enstar Group Ltd Reports First Quarter Results

Bermuda-based Enstar Group Limited filed its quarterly report on Form 10-Q with the SEC, reporting its earnings and financial position for the three months ended March 31, 2016. Enstar reported consolidated net earnings of $45.5 million [or $2.35 per fully diluted share] for the three months ended March 31, 2016 compared to $44.8 million [or $2.32 per... Read more of this article

Enstar To Reinsure $1.1B Of Allianz Re

Enstar To Reinsure $1.1B Of Allianz Re

Enstar Group Limited that one of its wholly owned subsidiaries completed a previously announced transaction to reinsure portfolios of Allianz Re’s U.S. run-off business. The closing followed receipt of regulatory approval and satisfaction of closing conditions. In the transaction, Enstar assumes net reinsurance reserves of approximately $1.1... Read more of this article

Enstar: Reinsurance Of $1.1 Billion Of Allianz

Enstar: Reinsurance Of $1.1 Billion Of Allianz

Bermuda-based Enstar Group Limited announced today that one of its wholly owned subsidiaries has entered into an agreement to reinsure portfolios of Allianz Re’s U.S. run-off business. Enstar’s subsidiary will assume net reinsurance reserves of approximately $1.1 billion, by reinsuring 50% of certain workers’ compensation, construction... Read more of this article

Enstar Completes Nationale Suisse Acquisition

Enstar Completes Nationale Suisse Acquisition

Enstar Group Limited announced today that one of its wholly owned subsidiaries completed the previously announced acquisition of Nationale Suisse Assurance S.A. from Helvetia Group. Nationale Suisse is a Belgium-based insurance company writing non-life and life insurance business. Upon the completion of the acquisition, Nationale Suisse has been renamed... Read more of this article

Enstar Group Appoint New Director: Sandra Boss

Enstar Group Appoint New Director: Sandra Boss

Enstar Group Limited has appointed independent director Sandra L. Boss to its Board, effective from November 3, 2015. Ms. Boss will serve as a member of Enstar’s Compensation and Nominating and Governance Committees. Ms. Boss has served since September 2014 as an independent director of the Prudential Regulation Authority, part of the Bank of England... Read more of this article

Enstar Group Limited Reports 2015 Q3 Earnings

Enstar Group Limited Reports 2015 Q3 Earnings

Enstar Group Limited reported its earnings and financial position for the three and nine months ended September 30, 2015, with a consolidated net earnings of $49.0 million [or $2.53 per fully diluted share] for the three months ended September 30, 2015 and $108.4 million [or $5.59 per fully diluted share] for the nine months ended September 30, 2015,... Read more of this article

Enstar Reinsurance Agreements With Sun Life

Enstar Reinsurance Agreements With Sun Life

Enstar Group Limited announced that on September 30, 2015, it, through wholly owned subsidiaries, entered into two 100% reinsurance agreements with Sun Life Assurance Company of Canada and its U.S. Branch, respectively, and a related administration agreement. In the transaction, an Enstar subsidiary has reinsured all of the run-off workers compensation... Read more of this article

Enstar Group Reports 2014 Year End Results

Enstar Group Reports 2014 Year End Results

Bermuda-based Enstar Group Limited filed its annual report on Form 10-K with the SEC earlier today, reporting its earnings and financial position for the year ended December 31, 2014. Enstar reported consolidated net earnings of $213.7 million [or $11.44 per fully diluted share] for the year ended December 31, 2014 compared to $208.6 million [or $12.49... Read more of this article

Enstar To Acquire Belgian Insurance Company

Enstar To Acquire Belgian Insurance Company

Bermuda-based Enstar Group Limited announced that today it has entered into a definitive agreement with Nationale Suisse to acquire its subsidiary, Nationale Suisse Assurance S.A. [NAB]. NAB is a Belgium-based insurance company writing non-life specialty insurance and life insurance. As part of the transaction, Enstar subsidiary Torus Insurance Holdings... Read more of this article

Enstar Group Completes Companion Acquisition

Enstar Group Completes Companion Acquisition

Bermuda-based Enstar Group Limited announced that one of its wholly owned subsidiaries completed the previously announced acquisition of Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casualty, specialty and workers compensation... Read more of this article

Enstar Group Completes Loss Portfolio Transfer

Enstar Group Completes Loss Portfolio Transfer

Bermuda-based Enstar Group Limited‘s wholly owned subsidiary, Providence Washington Insurance Company, has completed a loss portfolio transfer reinsurance transaction with Reciprocal of America and its Deputy Receiver relating to a portfolio of workers’ compensation business that has been in run-off since 2003. The loss portfolio transfer... Read more of this article

Enstar Group Reports Third Quarter Results

Enstar Group Reports Third Quarter Results

Bermuda-based 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, 2014. Enstar reported consolidated net earnings of $26.4 million [or $1.37 per fully diluted share] for the three months ended September 30, 2014 and $107.8 million [or... Read more of this article

Enstar To Acquire Casualty Insurance Company

Enstar To Acquire Casualty Insurance Company

Bermuda-based Enstar Group Limited has entered into a definitive agreement to acquire Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casualty, specialty and workers compensation business, and has also provided fronting and third... Read more of this article