Enstar Announces Four Reinsurance-To-Close Transactions With AmTrust Syndicates

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Enstar Announces Four Reinsurance-To-Close Transactions With AmTrust Syndicates

Feb 15, 2019

HAMILTON, Bermuda, Feb. 15, 2019 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that its Lloyd’s managing agency has completed four reinsurance-to-close transactions for the 2016 and prior years of account of Syndicates 1206, 1861, 2526 and 5820, managed by AmTrust Syndicates Limited. The transactions were completed February 14, 2019.

Enstar, through Syndicate 2008, has assumed net reinsurance reserves of approximately £650 million (approximately $830 million) effective January 1, 2019.

About Enstar

Enstar is a multi-faceted insurance group, with over $15 billion in assets, that offers innovative capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. Enstar is a market leader in completing legacy acquisitions, having acquired over 90 companies and portfolios since its formation in 2001. Enstar’s active underwriting businesses include the StarStone group of companies, an A- rated global specialty insurance group with multiple global underwriting platforms, and the Atrium group of companies, which manage and underwrite specialist insurance and reinsurance business for Lloyd’s Syndicate 609. For further information about Enstar, see www.enstargroup.com.

   
Contact: Guy Bowker
Telephone: +1 (441) 292-3645

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Source: Enstar Group Limited

QUICK STATS

$18.2bn

Assets
June 30, 2019

$13.3bn

Liabilities
June 30, 2019

$4.5bn

Shareholders’ equity
June 30, 2019

90+

Total acquisitive transactions since formation