December 15, 2017 3:29 AM ET

Insurance

Company Overview of Enstar Group Limited

Company Overview

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios of insurance and reinsurance business in run-off. It operates in four segments: Non-Life Run-Off, Atrium, StarStone, and Life and Annuities. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses. It also provides consulting services, including claims inspection, claims validation, and reinsurance asset collection, as well as IT consulting and other services to the insurance and reinsurance industry. The Atrium segment is involved in underwriting various classes, including accident and health, aviation, marine, property and casualty bindi...

Windsor Place

3rd Floor

22 Queen Street

Hamilton,  HM JX

Bermuda

Founded in 2001

1,278 Employees

Phone:

441 292 3645

Fax:

441 296 0895

Key Executives for Enstar Group Limited

CEO & Director
Age: 56
Total Annual Compensation: $2.3M
Co-Founder, President & Director
Age: 59
Total Annual Compensation: $1.2M
Chief Financial Officer
Age: 63
Total Annual Compensation: $1.0M
Chief Operating Officer
Age: 43
Total Annual Compensation: $1.2M
Co-Founder and Chief Executive Officer of Kaylare Ltd
Age: 54
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2016.

Enstar Group Limited Key Developments

Enstar Group Limited Announces Consolidated Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2017

Enstar Group Limited announced consolidated earnings results for the third quarter and first nine months ended September 30, 2017. For the quarter, the company announced net earnings of $39.0 million or $1.99 per fully diluted share compared to $156.0 million or $8.02 per fully diluted share for the three months ended September 30, 2016. For the first nine months, the company announced net earnings of $183.9 million or $9.42 per fully diluted share compared to $242.2 million or $12.46 per fully diluted share for the six months ended September 30, 2016.

Enstar Group Seeks Acquisitions

Enstar Group Limited (nasdaqGS:ESGR)recently filed for a shelf registration for holders to sell shares. The company said it will not receive any proceeds from this transaction, but could receive up to $20.2 million upon the exercise of existing warrants. The proceeds will be used for general corporate purposes which could include acquisitions and business opportunities.

Enstar Group Limited Reports Consolidated Earnings Results for the Three and Six Months Ended June 30, 2017

Enstar Group Limited reported consolidated earnings results for the three and six months ended June 30, 2017. The company reported consolidated net earnings of $90.2 million or $4.62 per fully diluted share for the second quarter ended June 30, 2017, compared to $40.6 million or $2.09 per fully diluted share for the three months ended June 30, 2016, The company reported consolidated net earnings of $144.9 million or $7.43 per fully diluted share for the six months ended June 30, 2017, compared to $86.1 million or $4.43 per fully diluted share for the six months ended June 30, 2016.

Similar Private Companies By Industry

Company Name Region
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Aeolus Ltd Americas
AGER Bermuda Holding Ltd. Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 3, 2017
Laguna Life DAC
Merger/Acquisition
February 17, 2017
Pavonia Holdings (US), Inc.
Merger/Acquisition
February 7, 2017
£834 Million of UK Legacy Insurance Liabilities
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