Transaction Overview - Enstar Group Limited's Lloyd's syndicate (Syndicate 2008) has agreed to a ground-up loss portfolio transfer (LPT) with Atrium Syndicate 609, involving discontinued portfolios including Marine Treaty Reinsurance, Property Treaty Reinsurance, and US Contractors General Liability [1] - The transaction involves Atrium Syndicate 609 ceding net loss reserves of approximately $196 million to Enstar's Syndicate 2008, based on Atrium's carried reserves as of Q3 2024 [2] - The reinsurance covers business underwritten in 2023 and prior years, with all claims handling transferring to Syndicate 2008 [2] - The transaction is expected to complete in Q1 2025, pending regulatory approvals and customary closing conditions [2] Strategic Implications - The transaction allows Enstar to apply its specialist claims handling capabilities and bespoke solution approach to a portfolio in the Lloyd's marketplace [3] - Enstar maintains a strong relationship and partnership with Atrium, highlighting the company's focus on legacy solutions and strategic collaborations [3] Company Background - Enstar is a NASDAQ-listed global insurance group offering innovative capital release solutions through its network of companies in Bermuda, the US, the UK, Continental Europe, Australia, and other international locations [3] - Since its formation in 2001, Enstar has acquired over 120 companies and portfolios, establishing itself as a market leader in legacy acquisitions [3]

HAMILTON, Bermuda, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (NASDAQ:ESGR) announced today that it has completed the previously announced transaction between one of its wholly owned subsidiaries and certain subsidiaries of James River Group Holdings, Ltd. ("James River"), following receipt of the relevant regulatory approval and satisfaction of the other closing conditions. Under the terms of the adverse development cover ("ADC") agreement, Enstar's subsidiary has provided $75 millio ...

ENSTA ENSTAR GROUP LIMITED Investor Financial Supplement September 30, 2024 IAOX Enstargroup.com Table of Contents Explanatory Notes Financial Highlights Consolidated Results by Segment Capital Position & Credit Ratings Non-GAAP Measures Reconciliation to Fully Diluted Book Value per Share Reconciliation to Adjusted Return on Equity Reconciliation to Adjusted Run-off Liability Earnings Reconciliation to Adjusted Total Investment Return Investment Composition | enstargroup.com Explanatory Notes About Enstar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Commission File Number 001-33289 ENSTAR GROUP LIMITED (Exact name of Registrant as specified in its charter) BERMUDA N/A (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) A.S. Cooper Building, 4th Floor, 26 Reid Street, Hamilton HM 11, Bermud ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Commission File Number 001-33289 ENSTAR GROUP LIMITED (Exact name of Registrant as specified in its charter) BERMUDA N/A (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) A.S. Cooper Building, 4th Floor, 26 Reid Street, Hamilton HM 11, Bermuda (Ad ...

"We believe this is the best next step for our shareholders," Enstar CEO Dominic Silvester said in a statement. Enstar also announced its second quarter results Monday morning. The company reported net income of $126 million, or diluted earnings per share of $8.49, up from $21 million, $1.34 per share, in the year-ago quarter. Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com Key Takeaways Shares of insurance company Enstar fell Monday after it agreed to be acquired ...

Date:July 29, 2024 Enstar Group Limited Reports Second Quarter 2024 Results As previously announced, Enstar has entered into a definitive merger agreement to be acquired by a consortium of institutional investors led by Sixth Street for $5.1 billion or $338 per ordinary share. A copy of the press release can be found by visiting the Investor Relations section of the Enstar corporate website at EnstarGroup.com. In light of the announced transaction, Enstar will not be providing recorded commentary to accompa ...

HAMILTON, Bermuda, July 29, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ:ESGR) today announced financial results for the second quarter 2024. * Non-GAAP measure; refer to "Non-GAAP Financial Measures" further below for explanatory notes and a reconciliation to the most directly comparable GAAP measure. Run-off Segment | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|---------|-------|---------|-------|------- ...

Enstar shareholders to receive $338.00 per share in cash Following the close of the transaction, Enstar will maintain its current operations and business strategy. The agreement includes a 35-day "go-shop" period expiring on September 2, 2024, which permits Enstar's Board of Directors and advisors to solicit alternative acquisition proposals from third parties. There can be no assurance that this "go-shop" will result in a superior proposal, and Enstar does not intend to disclose developments with respect t ...

The reinsurance addresses Accredited's assumed and underwritten legacy deals, comprising diversified portfolios, including asbestos, general casualty, workers' compensation, and other exposures in both the US and the UK/European markets. Dominic Silvester, Enstar's Chief Executive Officer, said: "This partnership with Onex is a strong example of how Enstar can step in to facilitate broader M&A transactions in support of our partner's long-term strategic goals. The legacy arrangement will enable Accredited t ...