Hashtag: #Enstar
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 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 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 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 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 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 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
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 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 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 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 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
