Hashtag: #Enstar
Enstar Complete Arden Reinsurance Acquisition
Bermuda-based Enstar Group Limited announced on Monday [Sept 9] that it, together with affiliates of Stone Point Capital LLC, has completed the previously announced acquisition of Arden Reinsurance Company Ltd. from Arden Holdings Ltd. Arden Reinsurance is a Bermuda-based reinsurance company that provides reinsurance to the Atrium Underwriting group... Read more of this article
Enstar Group Reports Second Quarter Results
Bermuda-based Enstar Group Limited filed its quarterly report on Form 10-Q with the SEC on Friday [Aug 9], reporting its earnings and financial position for the three and six months ended June 30, 2013. Enstar reported consolidated net earnings of $19.2 million (or $1.15 per fully diluted share) for the three months ended June 30, 2013 and $31.2 million... Read more of this article
Enstar To Purchase Two Arden Subsidiaries
Enstar Group Ltd. this week [June 5] signed definitive agreements with Arden Holdings Ltd. to buy Atrium Underwriting Group Ltd. and Arden Reinsurance Company Ltd. Atrium, an underwriting business at Lloyd’s of London, managing Syndicate 609 and providing nearly one quarter of the syndicate’s capital, specialises in accident and health,... Read more of this article
Best Drops Ratings Of Household, Affiliates
A.M. Best Co. has affirmed the financial strength rating of B++ [Good] and the issuer credit ratings of “bbb+” of Household Life Insurance Company, its direct subsidiary, First Central National Life Insurance Company of New York and its property/casualty affiliate, HSBC Insurance Company of Delaware which were recently acquired by Bermuda’s... Read more of this article
Enstar Completes Purchase Of HSBC Insurers
Bermuda-based Enstar Group Limited announced today [Apr.1] that one of Enstar’s wholly-owned subsidiaries completed the previously announced acquisition from Household Insurance Group Holding Company of HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware, as well as its three subsidiary insurers, on March 31, 2013.... Read more of this article
Enstar To Buy SeaBright For $249.3M
Bermuda-based insurance consultancy Enstar Group Ltd. agreed to acquire the insurance-holding company SeaBright Holdings Inc. for roughly $249.3 million in cash as it looks to continue its expansion in the U.S. Bermuda-based Enstar will pay $11.11 a share, a 34% premium to SeaBright’s Monday close. SeaBright is the parent of SeaBright Insurance... Read more of this article
Enstar: GS Transaction Completed
Bermuda’s Enstar Group Limited yesterday [Dec.22] announced the simultaneous closing of the second and third tranches of an investment in the company by certain affiliated funds of GS Capital Partners, private equity funds managed by Goldman Sachs & Co. Enstar issued 134,184 voting ordinary shares and 1,975,768 non-voting ordinary shares... Read more of this article
Enstar Posts Results, Names New Chairman
Bermuda’s Enstar Group Limited has filed its quarterly report on Form 10-Q with the US Securities & Exchange Commission, reporting its earnings and financial position for the three and nine months ended September 30, 2011. Enstar reported consolidated net earnings of $12.1 million (or $0.83 per fully diluted share) for the three months... Read more of this article
