Hashtag: #Enstar
Enstar Group To Sell Pavonia Life Business
Enstar Group Limited has completed a previously disclosed transaction to sell its subsidiary, Pavonia Holdings [US], Inc. for a total purchase price of $120 million to an affiliate of Global Bankers Insurance Group, LLC. Enstar originally acquired the Pavonia business from HSBC Finance in 2013. Related Stories Enstar Group Preference Share Dividends Enstar... 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 and financial position for the three and nine months ended September 30, 2017. Enstar reported consolidated net earnings of $39.0 million [or $1.99 per fully diluted share] for the three months ended September 30, 2017, compared to $156.0 million [or $8.02... 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, 2017. Enstar reported consolidated net earnings of $90.2 million [or $4.62 per fully diluted share] for the three months ended June 30, 2017, compared to $40.6 million [or $2.09 per fully... Read more of this article
Enstar Group Reports 2016 Year End Results
Bermuda-based Enstar Group Limited filed its annual report on Form 10-K with the SEC, reporting its earnings and financial position for the year ended December 31, 2016. Enstar reported consolidated net earnings of $264.8 million [or $13.62 per fully diluted share] for the year ended December 31, 2016 compared to $220.3 million [or $11.35 per fully... Read more of this article
Enstar To Sell Pavonia To Global Bankers
Enstar Group Limited has entered into an agreement to sell its subsidiary Pavonia Holdings [US], Inc. for a total purchase price of $120 million to an affiliate of Global Bankers Insurance Group, the insurance and reinsurance group of companies of Eli Global, LLC. Pavonia owns Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company... Read more of this article
Enstar Group To Reinsure RSA Insurance Group
Bermuda-based Enstar Group Limited announced that one of its wholly owned subsidiaries has signed an agreement to reinsure RSA Insurance Group PLC’s [RSA] U.K. employers’ liability legacy business. Enstar’s subsidiary will assume gross insurance reserves of approximately £957 million [approximately $1.2 billion], relating to 2005... Read more of this article
Enstar Acquires Dana Companies For $91.5M
Enstar Group Limited announced that Enstar Holdings [US] Inc. has acquired Dana Companies, LLC from Dana Incorporated for a total purchase price of $91.5 million. “Dana is a world leader in the supply of highly engineered drivetrain, sealing, and thermal-management technologies for vehicles,” Enstar said. “Dana Companies holds... Read more of this article
Enstar Group Launches Reinsurer KaylaRe
Enstar Group Limited announced today the launch of KaylaRe Ltd., a Bermuda-based, Class 4 reinsurer offering a diversified range of specialty reinsurance to the global insurance market. “KaylaRe launches with initial capital of $620 million, backed by a $300 million investment from Enstar; $270 million from funds managed by Hillhouse Capital... Read more of this article
StarStone To Begin Underwriting In Australia
StarStone, the global specialty insurer and subsidiary of Bermuda-based Enstar Group Limited, announced the creation of an underwriting capability in Australia. The new hub will operate alongside Enstar’s existing Australian operation, subject to regulatory approval. StarStone Australia will be led by Robin Barham and will target specialty business... Read more of this article
Enstar Group Ltd Reports First Quarter Results
Bermuda-based Enstar Group Limited filed its quarterly report on Form 10-Q with the SEC, reporting its earnings and financial position for the three months ended March 31, 2016. Enstar reported consolidated net earnings of $45.5 million [or $2.35 per fully diluted share] for the three months ended March 31, 2016 compared to $44.8 million [or $2.32 per... Read more of this article
Enstar To Reinsure $1.1B Of Allianz Re
Enstar Group Limited that one of its wholly owned subsidiaries completed a previously announced transaction to reinsure portfolios of Allianz Re’s U.S. run-off business. The closing followed receipt of regulatory approval and satisfaction of closing conditions. In the transaction, Enstar assumes net reinsurance reserves of approximately $1.1... Read more of this article
Enstar: Reinsurance Of $1.1 Billion Of Allianz
Bermuda-based Enstar Group Limited announced today that one of its wholly owned subsidiaries has entered into an agreement to reinsure portfolios of Allianz Re’s U.S. run-off business. Enstar’s subsidiary will assume net reinsurance reserves of approximately $1.1 billion, by reinsuring 50% of certain workers’ compensation, construction... Read more of this article
Enstar Completes Nationale Suisse Acquisition
Enstar Group Limited announced today that one of its wholly owned subsidiaries completed the previously announced acquisition of Nationale Suisse Assurance S.A. from Helvetia Group. Nationale Suisse is a Belgium-based insurance company writing non-life and life insurance business. Upon the completion of the acquisition, Nationale Suisse has been renamed... Read more of this article
Enstar Group Appoint New Director: Sandra Boss
Enstar Group Limited has appointed independent director Sandra L. Boss to its Board, effective from November 3, 2015. Ms. Boss will serve as a member of Enstar’s Compensation and Nominating and Governance Committees. Ms. Boss has served since September 2014 as an independent director of the Prudential Regulation Authority, part of the Bank of England... Read more of this article
Enstar Group Limited Reports 2015 Q3 Earnings
Enstar Group Limited reported its earnings and financial position for the three and nine months ended September 30, 2015, with a consolidated net earnings of $49.0 million [or $2.53 per fully diluted share] for the three months ended September 30, 2015 and $108.4 million [or $5.59 per fully diluted share] for the nine months ended September 30, 2015,... Read more of this article
Enstar Reinsurance Agreements With Sun Life
Enstar Group Limited announced that on September 30, 2015, it, through wholly owned subsidiaries, entered into two 100% reinsurance agreements with Sun Life Assurance Company of Canada and its U.S. Branch, respectively, and a related administration agreement. In the transaction, an Enstar subsidiary has reinsured all of the run-off workers compensation... Read more of this article
