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Enstar Group Preference Share Dividends

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 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 Closes Transaction With AIG

Enstar Group Closes Transaction With AIG

Enstar Group Limited closed the previously announced transaction with American International Group, Inc. A spokesperson said, “Enstar Group Limited announced today that one of its wholly-owned subsidiaries has closed the previously announced transaction with American International Group, Inc. [AIG] to provide protection to AIG on its retained... Read more of this article

Enstar Announces Adverse Agreement With AIG

Enstar Announces Adverse Agreement With AIG

Enstar Group Limited announced that “one of its wholly-owned subsidiaries has signed an agreement with American International Group, Inc. [AIG] to provide AIG with protection against adverse development on the portion of Validus Re’s loss reserves that AIG retains exposure to following the closing of AIG’s sale of Validus Re to RenaissanceRe.” A... Read more of this article

Enstar Group Preference Share Dividends

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 Completes Loss Portfolio Transfer

Enstar Completes Loss Portfolio Transfer

Enstar Group Limited announced that one of its wholly-owned subsidiaries has closed a previously announced Loss Portfolio Transfer agreement with RACQ Insurance Limited [RACQ] to reinsure 80% of RACQ’s motor vehicle compulsory third party insurance liabilities, covering accident years 2021 and prior. A spokesperson said, “Under the reinsurance agreement,... Read more of this article

Enstar Group Preference Share Dividends

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 Completes Loss Portfolio Transfer

Enstar Completes Loss Portfolio Transfer

Enstar Group Limited announced that its wholly-owned subsidiaries have closed a Loss Portfolio Transfer transaction with certain subsidiaries of QBE Insurance Group Limited [QBE] on a diversified portfolio of business, covering International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued... Read more of this article

Enstar Repurchases CPP Non-Voting Shares

Enstar Repurchases CPP Non-Voting Shares

Enstar Group  has agreed to repurchase 1,597,712 non-voting convertible ordinary shares of Enstar held by Canada Pension Plan Investment Board. A spokesperson said, “Enstar Group Limited announced today that it has agreed to repurchase 1,597,712 non-voting convertible ordinary shares of Enstar held by Canada Pension Plan Investment Board [CPP... Read more of this article

Enstar Makes Several Executive Promotions

Enstar Makes Several Executive Promotions

Enstar Group Limited announced today several executive promotions following the retirement of President Paul O’Shea on March 1, 2023. A spokesperson said, “Mr. O’Shea served the Company for 28 years. Enstar had announced his planned retirement in July 2022 and has since provided a smooth transition of leadership of the Company’s M&A... Read more of this article

Enstar To Enter Loss Portfolio Transfer

Enstar To Enter Loss Portfolio Transfer

Enstar Group Limited announced that one of its wholly-owned subsidiaries has signed a Loss Portfolio Transfer agreement with RACQ Insurance Limited to reinsure 80% of RACQ’s motor vehicle Compulsory Third Party  insurance liabilities, covering accident years 2021 and prior. A spokesperson said, “Under the reinsurance, which is effective as... Read more of this article

Enstar To Enter $1.9B Loss Portfolio Transfer

Enstar To Enter $1.9B Loss Portfolio Transfer

Enstar Group announced that its wholly-owned subsidiaries have reached an agreement for a ground-up Loss Portfolio Transfer with certain subsidiaries of QBE Insurance Group Limited on a diversified portfolio of business, covering International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued... Read more of this article

Enstar Completes Loss Portfolio Transfer

Enstar Completes Loss Portfolio Transfer

Enstar Group Limited has closed its Loss Portfolio Transfer transaction with specialty insurance underwriter Argo Group International Holdings Ltd. A spokesperson said, “Enstar Group Limited announced today that one of its wholly-owned subsidiaries has closed its Loss Portfolio Transfer transaction with specialty insurance underwriter Argo Group... Read more of this article

Enstar Group Preference Share Dividends

Enstar Group Preference Share Dividends

Enstar Group 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] will... Read more of this article

Enstar Group Announces Business Updates

Enstar Group Announces Business Updates

Enstar Group Limited has announced updates relating to its joint venture with Allianz SE [Allianz], Enhanzed Reinsurance Ltd. [Enhanzed Re], and its recent investment portfolio performance. A spokesperson said, “On August 18, 2022, Cavello Bay Reinsurance Limited [Cavello Bay], a wholly-owned subsidiary of Enstar, entered into a Master Agreement... Read more of this article

O’Shea To Retire From Enstar In March 2023

O’Shea To Retire From Enstar In March 2023

Paul O’Shea, President of Enstar Group Limited, will retire in March 2023. A spokesperson said, “Paul O’Shea, President of Enstar Group Limited, will retire in March 2023 after 28 years serving the company and its predecessor Castlewood Limited. Mr. O’Shea will remain as a member of the Board of Directors of Enstar, and the Group and its shareholders... Read more of this article