Enstar Discloses Material Internal Control Weakness Tied to Deal

Enstar Group Ltd., the firm that assumes risks from insurers seeking to exit businesses, said it identified a material weakness in its internal controls related to bonds tied to a deal completed this year.

“The company has taken steps to remediate its internal control over financial reporting,” Hamilton, Bermuda-based Enstar said today in a regulatory filing.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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