Enstar Group Limited Announces Appointment of Robert V. Deutsch to the Board of Directors of Enstar Holdings (US) Inc.
Feb 24, 2012
HAMILTON, Bermuda, Feb. 24, 2012 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq:ESGR) announced that Robert V. Deutsch has joined the board of directors of Enstar's wholly-owned subsidiary, Enstar Holdings (US) Inc., the ultimate parent company of Enstar's U.S. operations.
Mr. Deutsch, 52, is a partner at GCP Capital Partners LLC, where he focuses on insurance-related investments. Mr. Deutsch was the founding Chief Executive Officer of a Bermuda-based specialty insurer, Ironshore Inc., and prior to that he served for five years as Chief Financial Officer of CNA Financial Corporation. Between 1987 and 1999 he was CFO and Chief Actuary, as well as President of the two operating companies, at Executive Risk Inc., a specialist insurer focusing on professional and management liability business. Last month, Mr. Deutsch was appointed to the board of Beazley Furlonge Ltd., the Lloyd's managing agency that forms part of Beazley plc, as a non-executive director.
Enstar Group Limited's Chief Executive Officer, Dominic Silvester, said: "Bob brings significant insurance experience and insight to Enstar's recently-expanded operations in the United States which we believe will be of enormous value in the future."
Enstar, a Bermuda company, acquires and manages insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off, and provides management, consultancy and other services to the insurance and reinsurance industry.
The Enstar Group Limited logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5734
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. Prospective investors are cautioned that any such forward-looking statements 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, 2011, 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: Richard J. Harris (441) 292-3645
Source: Globe Newswire (December 22, 2011 - 4:30 PM EST)
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