Hashtag: #Enstar
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
Enstar Group Reports 2014 Year End Results
Bermuda-based Enstar Group Limited filed its annual report on Form 10-K with the SEC earlier today, reporting its earnings and financial position for the year ended December 31, 2014. Enstar reported consolidated net earnings of $213.7 million [or $11.44 per fully diluted share] for the year ended December 31, 2014 compared to $208.6 million [or $12.49... Read more of this article
Enstar To Acquire Belgian Insurance Company
Bermuda-based Enstar Group Limited announced that today it has entered into a definitive agreement with Nationale Suisse to acquire its subsidiary, Nationale Suisse Assurance S.A. [NAB]. NAB is a Belgium-based insurance company writing non-life specialty insurance and life insurance. As part of the transaction, Enstar subsidiary Torus Insurance Holdings... Read more of this article
Enstar Group Completes Companion Acquisition
Bermuda-based Enstar Group Limited announced that one of its wholly owned subsidiaries completed the previously announced acquisition of Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casualty, specialty and workers compensation... Read more of this article
Enstar Group Completes Loss Portfolio Transfer
Bermuda-based Enstar Group Limited‘s wholly owned subsidiary, Providence Washington Insurance Company, has completed a loss portfolio transfer reinsurance transaction with Reciprocal of America and its Deputy Receiver relating to a portfolio of workers’ compensation business that has been in run-off since 2003. The loss portfolio transfer... Read more of this article
Enstar Group Reports Third 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 and nine months ended September 30, 2014. Enstar reported consolidated net earnings of $26.4 million [or $1.37 per fully diluted share] for the three months ended September 30, 2014 and $107.8 million [or... Read more of this article
Enstar To Acquire Casualty Insurance Company
Bermuda-based Enstar Group Limited has entered into a definitive agreement to acquire Companion Property and Casualty Insurance Company from Blue Cross and Blue Shield of South Carolina. Companion is a South Carolina-based insurance group writing property, casualty, specialty and workers compensation business, and has also provided fronting and third... Read more of this article
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
