Enstar Completes Acquisition of Controlling Interest in Enhanzed Re
Sep 1, 2021
With the completion of the purchase, Enstar’s equity interest in the
Enhanzed Re, which Enstar will consolidate in its future financial statements, has approximately
Enstar and Allianz have agreed to post-closing changes in board composition and shareholder rights to reflect Enstar’s substantial majority interest. Completion of the transaction followed receipt of regulatory approval and satisfaction of various other closing conditions.
Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in
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This press release contains forward-looking statements. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Important risk factors regarding Enstar can be found under the heading “Risk Factors” in Enstar’s Form 10-K for the year ended December 31, 2020 and in Enstar’s Form 10-Q for the three months ended June 30, 2021 and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or as a result of new information, future developments or otherwise, except as required by law.
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Source: Enstar Group Limited