Hashtag: #Enstar
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 December... Read more of this article
Enstar Completes First IBT Transaction In US
Enstar Group Limited has announced that it has successfully completed the “first ever insurance business transfer [IBT] to occur in the United States.” A spokesperson said, “Enstar Group Limited today announced that it has successfully completed the first ever insurance business transfer to occur in the United States, having received... Read more of this article
Enstar Transfer Of Certain Run-Off Portfolios
Enstar Group Limited announced that one of its wholly-owned subsidiaries has signed an agreement with subsidiaries of Munich Re to acquire certain portfolios from their Australian branches of Great Lakes Insurance and HSB Engineering Insurance. A spokesperson said, “Enstar Group Limited announced today that one of its wholly-owned subsidiaries... Read more of this article
Sandra Boss To Step Down From Enstar Board
Enstar Group Limited announced that Sandra Boss will step down from its Board of Directors in order to pursue a full-time executive role with another company. Ms. Boss has been a director of the Company since November 2015. She serves as Chair of the Risk Committee and is a member of the Compensation Committee and the Nominating and Governance Committee.... 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 March... Read more of this article
Enstar Completes Reinsurance Of $0.5 Billion
Enstar Group Limited announced that one of its wholly-owned subsidiaries has completed a previously announced transaction to reinsure a number of the U.S. asbestos and environmental liability insurance portfolios of Zurich North America. In the transaction, Enstar’s subsidiary assumed gross insurance reserves of approximately $0.5 billion, relating... Read more of this article
Enstar Transfer Of Certain Run-Off Portfolios
Enstar Group Limited announced that one of its wholly-owned subsidiaries has signed an agreement with subsidiaries of Munich Re to acquire certain portfolios from their Australian branches of Great Lakes Insurance and HSB Engineering Insurance, primarily of long tail insurance business. In the transaction, which is subject to regulatory and Federal... 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 March... Read more of this article
Enstar Completes Maiden Re Acquisition
Enstar Group Limited announced that one of its wholly-owned subsidiaries completed a previously announced transaction to acquire Maiden Reinsurance North America Inc. from a subsidiary of Maiden Holdings Ltd. Maiden Re North America is a diversified insurance company domiciled in Missouri that provides property and casualty treaty reinsurance, casualty... Read more of this article
Partnership Formed To Invest In Enhanzed Re
Enstar Group has entered into a joint venture to invest in Enhanzed Reinsurance Ltd., a Bermuda-based Class 4 and Class E reinsurer. Enhanzed Re will reinsure life, non-life run-off, and property and casualty insurance business, initially sourced from Allianz SE and Enstar. Enstar, Allianz and Hillhouse affiliates have made equity investment commitments... Read more of this article
Enstar To Acquire Maiden Re North America
Enstar Group announced today [Aug 31] that one of its wholly owned subsidiaries has entered into a definitive agreement to acquire Maiden Reinsurance North America, Inc. from a subsidiary of Maiden Holdings, Ltd. “Maiden Re North America is a diversified insurance company domiciled in Missouri that provides property and casualty treaty reinsurance,... Read more of this article
Enstar Group Reports 2017 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, 2017. Enstar reported consolidated net earnings of $311.5 million [or $15.95 per fully diluted share] for the year ended December 31, 2017compared to $264.8 million [or $13.62 per fully diluted... Read more of this article
