Hashtag: #Enstar
Enstar Group Preference Share Dividends
Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “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]... Read more of this article
Enstar Group Preference Share Dividends
Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “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]... Read more of this article
AM Best Affirms Ratings For Cavello Bay
AM Best has affirmed an A [Excellent] rating for Bermuda-based Cavello Bay Re, a subsidiary of Enstar, citing strong financials and a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” [Excellent] of Cavello Bay Reinsurance Limited [Cavello... Read more of this article
Sixth Street Completes Acquisition Of Enstar
Enstar Group Limited has finalized its $5.1 billion acquisition by investment vehicles managed by Sixth Street and other institutional investors, transitioning into a privately held company. A spokesperson said, “Enstar Group Limited today announced the closing of its acquisition by investment vehicles managed by affiliates of Sixth Street, a... Read more of this article
Enstar Group Preference Share Dividends
Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “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]... Read more of this article
AXIS Completes Transaction With Enstar
AXIS Capital Holdings and Enstar Group have completed a loss portfolio transfer [LPT] transaction, covering reinsurance segment reserves predominantly attributable to casualty portfolios related to 2021 and prior underwriting years. A spokesperson said, “The LPT reinsurance agreement covers reinsurance segment reserves totalling $3.1 billion at... Read more of this article
AM Best Assigns Ratings To Enstar’s Cavello Bay
AM Best has assigned an “A” [Excellent] financial strength rating to Cavello Bay, Enstar Group’s primary Bermuda reinsurer, with a stable outlook. A spokesperson said, “Enstar Group Limited [NASDAQ: ESGR] announced today that the credit rating agency AM Best has assigned a Financial Strength Rating of “A” [Excellent] and a Long-Term... Read more of this article
Enstar Completes Transaction With Atrium
Enstar Group Limited announced its Lloyd’s syndicate [Syndicate 2008], managed by Enstar Managing Agency Limited, has completed the previously announced transaction with Atrium Syndicate 609, managed by Atrium Underwriters Limited. A spokesperson said, “Under the terms of the loss portfolio transfer agreement, Atrium Syndicate 609 ceded net loss... Read more of this article
Enstar Group Preference Share Dividends
Enstar Group Limited today announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “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... Read more of this article
Enstar Syndicate Agrees To $196M LPT Deal
Enstar’s Syndicate 2008 agrees to a $196 million loss portfolio transfer with Atrium Syndicate 609, expected to complete in Q1 2025. A spokesperson said, “Enstar Group Limited [Enstar] [Nasdaq: ESGR] announced today its Lloyd’s syndicate [Syndicate 2008], managed by Enstar Managing Agency Limited, has agreed a ground-up loss portfolio transfer... Read more of this article
AXIS & Enstar Announce $2.3B Reinsurance Deal
AXIS Capital Holdings Limited and Enstar Group Limited have entered into a loss portfolio transfer reinsurance agreement covering a portfolio of reinsurance segment business. A spokesperson said, “The closing of the transaction is subject to regulatory approvals and other customary conditions, and is expected to occur during the first half of... Read more of this article
Enstar Agrees ADC Agreement With James River
Enstar announced that one of its wholly-owned subsidiaries has entered into an adverse development cover [ADC] reinsurance agreement with certain subsidiaries of James River Group Holdings, Ltd. A spokesperson said, “Under the terms of the agreement, Enstar’s subsidiary will provide $75 million of limit in excess of the existing $160 million... Read more of this article
