Hashtag: #Enstar

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

Enstar Completes Agreement With Aspen

Enstar Completes Agreement With Aspen

Enstar Group announce that one of its wholly owned subsidiaries has closed a previously announced agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited and its subsidiaries for their 2019 and prior business. Enstar will assume net loss reserves of $3.12 billion, subject to a limit of $3.57 billion. The existing adverse... 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. 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 Reports 2021 Year-End Results

Enstar Group Reports 2021 Year-End Results

Enstar reported consolidated net earnings of $437 million [or earnings of $21.71 per fully diluted ordinary share] for the year ended December 31, 2021, compared to consolidated net earnings of $1.7 billion [or earnings of $78.80 per fully diluted ordinary share] for the year ended December 31, 2020. A spokesperson said, “The key drivers of net... 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. 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 Prices $500 Million of Notes

Enstar Group Prices $500 Million of Notes

Enstar Group Limited announced that its subsidiary, Enstar Finance LLC, “priced $500 million aggregate principal amount of 5.500% Fixed-Rate Reset Junior Subordinated Notes due 2042 fully and unconditionally guaranteed, on a junior subordinated basis, by Enstar.: “The offering is expected to close on January 14, 2022, subject to satisfaction... Read more of this article

Enstar Announces Transaction With Aspen

Enstar Announces Transaction With Aspen

Enstar Group Limited has announced a $3.12 billion LPT transaction with Aspen Insurance Holdings Limited. A spokesperson said, “Enstar Group Limited announced today that one of its wholly owned subsidiaries has reached an agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited for its 2019 and prior business [the LPT]. “In... 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... 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 [loss] and financial position for the three and nine months ended September 30, 2021. The company said, “Enstar reported a consolidated net loss of $196.0 million [or loss of $10.68 per fully diluted ordinary share] and consolidated net earnings $364.6... Read more of this article

Enstar Completes ADC Agreement With RSA

Enstar Completes ADC Agreement With RSA

Enstar Group Limited announced that one of its wholly owned subsidiaries has closed a previously announced agreement with Royal & Sun Alliance Insurance Limited. A spokesperson said, “Enstar Group Limited announced today that one of its wholly owned subsidiaries has closed a previously announced agreement with Royal & Sun Alliance Insurance... Read more of this article

Enstar Completes Acquisition Of Enhanzed Re

Enstar Completes Acquisition Of Enhanzed Re

Enstar Group Limited announced that one of its wholly owned subsidiaries has completed the purchase of the entire 27.7% interest in Enhanzed Reinsurance Ltd. previously held by an affiliate of Hillhouse Group. “The purchase price of $217.1 million is based on 90% of Enhanzed Re’s total shareholders’ equity as of June 30, 2021 and is subject... Read more of this article

Enstar Prices $500 Million Of Senior Notes

Enstar Prices $500 Million Of Senior Notes

Enstar Group Limited announced the pricing of $500 million aggregate principal amount of its 3.100% Senior Notes due 2031. The offering is expected to close on August 24, 2021, subject to satisfaction of customary closing conditions. The company said, “Enstar intends to use the net proceeds from the offering to fund the purchase of its 4.500%... Read more of this article

Enstar Announces Appointment Of Acting CFO

Enstar Announces Appointment Of Acting CFO

Enstar Group Limited announced that Zachary Wolf has stepped down from his position as Chief Financial Officer to “pursue other opportunities and will remain available for a transition period until September 30, 2021.” Orla Gregory, Enstar’s current Chief Operating Officer, has been named Acting Chief Financial Officer. Michael Murphy,... Read more of this article