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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 June... Read more of this article

Enstar Completes Transaction With AXA XL

Enstar Completes Transaction With AXA XL

Enstar Group Limited announced that one of its wholly owned subsidiaries has completed a transaction with AXA XL, a division of AXA, to provide adverse development cover. A spokesperson said, “In the transaction, Enstar’s subsidiary assumed reinsurance losses incurred on or prior to December 31, 2019 on a diversified mix of global casualty and... Read more of this article

Enstar Group Reports 2020 Year-End Results

Enstar Group Reports 2020 Year-End Results

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, 2020. “Enstar reported consolidated net earnings of $1.7 billion [or earnings of $78.80 per fully diluted ordinary share] for the year ended December 31, 2020, compared to consolidated net earnings... Read more of this article

Enstar Announces ADC Agreement With AXA

Enstar Announces ADC Agreement With AXA

Enstar Group Limited announced today that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover to AXA XL, a division of AXA. “In the transaction, Enstar’s subsidiary will cover losses incurred on or prior to December 31, 2019 on a diversified mix of global casualty and professional lines for a premium... Read more of this article

Enstar Completes Reinsurance Of $690 Million

Enstar Completes Reinsurance Of $690 Million

Enstar Group Limited announced that one of its wholly owned subsidiaries has completed a transaction with Continental Casualty Company [CNA] to reinsure a legacy portfolio of excess workers’ compensation business. “In the transaction, CNA ceded net insurance reserves to an Enstar subsidiary of approximately $690 million not inclusive of any... 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 On Reinsurance Transaction With ProSight

Enstar On Reinsurance Transaction With ProSight

Enstar Group Limited announced that one of its wholly owned subsidiaries has entered into an agreement with subsidiaries of ProSight Global, Inc. to provide reinsurance relating to 2019 and prior year business. “The reinsurance will comprise a ground up loss portfolio transfer of ProSight’s discontinued workers’ compensation and excess workers’... Read more of this article

Enstar Reinsurance Of $690M Compensation

Enstar Reinsurance Of $690M Compensation

Enstar Group Limited announced that one of its wholly owned subsidiaries has signed an agreement with Continental Casualty Company to reinsure a legacy portfolio of excess workers’ compensation business. “In the transaction, Enstar’s subsidiary will assume net insurance reserves of approximately $690 million, relating to 2007 and prior year... Read more of this article

Enstar & Liberty Mutual Europe Transaction

Enstar & Liberty Mutual Europe Transaction

Enstar Group announced today that one of its wholly-owned subsidiaries has signed an agreement with Liberty Mutual Insurance Europe SE [LMIE] to reinsure a number of US energy liability, US construction liability and US homebuilders liability insurance portfolios that were previously written out of LMIE’s London branch. “In the transaction,... Read more of this article

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