Hashtag: #Enstar
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 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 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 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 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 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 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 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
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... Read more of this article
Enstar Group Reports Second 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 six months ended June 30, 2021. The company said, “Enstar reported consolidated net earnings of $377.3 million [or $17.28 per fully diluted ordinary share] and $560.5 million [or $25.60 per fully diluted ordinary... Read more of this article
Enstar Completes Transaction With ProSight
Enstar Group Limited announce that one of its wholly owned subsidiaries has completed a transaction with ProSight Global, Inc. to provide reinsurance relating to 2019 and prior year business. The company said, The reinsurance comprises a ground up loss portfolio transfer of ProSight’s discontinued workers’ compensation and excess workers’ compensation... Read more of this article
Enstar Announces ADC Agreement With RSA
Enstar Group Limited announced that one of its wholly owned subsidiaries has signed an agreement with Royal & Sun Alliance Insurance Limited to provide adverse development cover for certain UK, Irish and other business of RSA and its subsidiaries, in exchange for premium. “RSA is a wholly owned subsidiary of Toronto-based property & casualty... Read more of this article
