Enstar Group Limited Announces Appointment of New Director
Nov 9, 2015
HAMILTON, Bermuda, Nov. 06, 2015 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq:ESGR) today announced that it has appointed independent director Sandra L. Boss to its Board, effective from November 3, 2015. Ms. Boss will serve as a member of Enstar’s Compensation and Nominating and Governance Committees.
Ms. Boss has served since September 2014 as an independent director of the Prudential Regulation Authority, part of the Bank of England responsible for the prudential regulation and supervision of around 1,700 banks, building societies, credit unions, insurers and major investment firms. Prior to this position, she was a Senior Partner at McKinsey & Company, a global management consulting firm, from 2005 to 2014, and a Partner from 2000.
At McKinsey she specialized in Investment Banking and Risk, and held several senior management positions both in the U.K. and the U.S. since joining the firm in 1994. She was also a strategic advisor to a number of public sector institutions and industry bodies on financial services policy and financial markets structure.
Dominic Silvester, Enstar's Chief Executive Officer, said, “Sandy brings extensive experience to our Board drawn from her distinguished management consulting career and her work with the PRA. We look forward to the valuable contributions she will make at Enstar.”
Enstar Group Limited and its operating subsidiaries acquire and manage diversified insurance businesses through a network of service 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 70 companies and portfolios since its formation in 2001. Enstar’s active underwriting businesses include the Atrium group of companies, which manage and underwrite specialist insurance and reinsurance business for Lloyd’s Syndicate 609, and the StarStone group of companies, an A- rated global specialty insurance group with multiple global underwriting platforms. For further information about Enstar, see www.enstargroup.com.
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 may be found under the heading "Risk Factors" in Enstar's Form 10-K for the year ended December 31, 2014 and Form 10-Q for the quarterly period ended June 30, 2015, 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 any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.
Contact: Mark Smith Telephone: (441) 292-3645