Amendment No. 1 to Schedule 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

ENSTAR GROUP LIMITED

(Name of Issuer)

Ordinary Shares, par value $1.00 per share

(Title of Class of Securities)

G3075 P101

(CUSIP Number)

David Wermuth, Esq.

Stone Point Capital LLC

20 Horseneck Lane

Greenwich, CT 06830

(203) 862-2900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 23, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D/A, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☒

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. G3075 P101  

 

  1.   

Name of Reporting Person

 

Trident V, L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds

 

    N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ☐

 

  6.  

Citizenship or Place of Organization

 

    Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

    None

     8.   

Shared Voting Power

 

    1,350,000

     9.   

Sole Dispositive Power

 

    None

   10.   

Shared Dispositive Power

 

    1,350,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,350,000

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

    8.3%*

14.  

Type of Reporting Person

 

    PN

 

* The calculation of the foregoing percentage is based on 16,227,500 voting ordinary shares of the Issuer outstanding as of November 8, 2016 as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2016. Please see Item 5.

 

 

 

2


CUSIP No. G3075 P101  

 

  1.   

Name of Reporting Person

 

Trident Capital V, L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds

 

    N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ☐

 

  6.  

Citizenship or Place of Organization

 

    Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

    None

     8.   

Shared Voting Power

 

    1,350,000

     9.   

Sole Dispositive Power

 

    None

   10.   

Shared Dispositive Power

 

    1,350,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,350,000

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

    8.3%*

14.  

Type of Reporting Person

 

    PN

 

* The calculation of the foregoing percentage is based on 16,227,500 voting ordinary shares of the Issuer outstanding as of November 8, 2016 as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2016. Please see Item 5.

 

 

 

3


CUSIP No. G3075 P101  

 

  1.   

Name of Reporting Person

 

Trident V Parallel Fund, L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds

 

    N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ☐

 

  6.  

Citizenship or Place of Organization

 

    Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

    None

     8.   

Shared Voting Power

 

    1,350,000

     9.   

Sole Dispositive Power

 

    None

   10.   

Shared Dispositive Power

 

    1,350,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,350,000

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

    8.3%*

14.  

Type of Reporting Person

 

    PN

 

* The calculation of the foregoing percentage is based on 16,227,500 voting ordinary shares of the Issuer outstanding as of November 8, 2016 as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2016. Please see Item 5.

 

 

 

4


CUSIP No. G3075 P101  

 

  1.   

Name of Reporting Person

 

Trident V Professionals Fund, L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds

 

    N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ☐

 

  6.  

Citizenship or Place of Organization

 

    Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

    None

     8.   

Shared Voting Power

 

    1,350,000

     9.   

Sole Dispositive Power

 

    None

   10.   

Shared Dispositive Power

 

    1,350,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,350,000

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

    8.3%*

14.  

Type of Reporting Person

 

    PN

 

* The calculation of the foregoing percentage is based on 16,227,500 voting ordinary shares of the Issuer outstanding as of November 8, 2016 as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2016. Please see Item 5.

 

 

 

5


CUSIP No. G3075 P101  

 

  1.   

Name of Reporting Person

 

Stone Point Capital LLC

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds

 

    N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ☐

 

  6.  

Citizenship or Place of Organization

 

    Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

    None

     8.   

Shared Voting Power

 

    1,350,000

     9.   

Sole Dispositive Power

 

    None

   10.   

Shared Dispositive Power

 

    None

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,350,000

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

    8.3%*

14.  

Type of Reporting Person

 

    OO

 

* The calculation of the foregoing percentage is based on 16,227,500 voting ordinary shares of the Issuer outstanding as of November 8, 2016 as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2016. Please see Item 5.

 

 

 

6


CUSIP No. G3075 P101  

 

  1.   

Name of Reporting Person

 

Trident Public Equity LP

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds

 

    N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ☐

 

  6.  

Citizenship or Place of Organization

 

    Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

    None

     8.   

Shared Voting Power

 

    1,350,000

     9.   

Sole Dispositive Power

 

    None

   10.   

Shared Dispositive Power

 

    1,350,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,350,000

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

    8.3%*

14.  

Type of Reporting Person

 

    PN

 

* The calculation of the foregoing percentage is based on 16,227,500 voting ordinary shares of the Issuer outstanding as of November 8, 2016 as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2016. Please see Item 5.

 

 

 

7


CUSIP No. G3075 P101  

 

  1.   

Name of Reporting Person

 

Trident Public Equity GP LLC

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

  4.  

Source of Funds

 

    N/A

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ☐

 

  6.  

Citizenship or Place of Organization

 

    Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.    

Sole Voting Power

 

    None

     8.   

Shared Voting Power

 

    1,350,000

     9.   

Sole Dispositive Power

 

    None

   10.   

Shared Dispositive Power

 

    1,350,000

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

    1,350,000

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares    ☐

 

13.  

Percent of Class Represented by Amount in Row (11)

 

    8.3%*

14.  

Type of Reporting Person

 

    PN

 

* The calculation of the foregoing percentage is based on 16,227,500 voting ordinary shares of the Issuer outstanding as of November 8, 2016 as disclosed in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2016. Please see Item 5.

 

 

 

8


Explanatory Note

This Amendment No. 1 is being filed with respect to the ordinary shares, par value $1.00 per share (“Ordinary Shares”), of Enstar Group Limited, a Bermuda company (the “Issuer” or the “Company”), having its principal executive offices at 18 Queen Street, Windsor Place, 3rd Floor, P.O. Box HM 2267, Hamilton, HM JX Bermuda, and it hereby amends the statement of beneficial ownership on Schedule 13D (the “Initial Schedule 13D”) filed on November 15, 2013 (together with this Amendment No. 1, this “Schedule 13D/A”). Except as specifically amended by this Amendment No. 1, the Initial Schedule 13D remains unchanged.

Item 2. Identity and Background

Item 2 is hereby amended and restated in its entirety to read as follows:

This Schedule 13D/A is filed jointly on behalf of Stone Point Capital LLC (“Stone Point”), Trident V, L.P. (“Trident V”), Trident Capital V, L.P. (“Trident V GP”), Trident V Parallel Fund, L.P. (“Trident V Parallel”), Trident V Professionals Fund, L.P. (“Trident V Professionals” and, together with Trident V, Trident V GP and Trident V Parallel, the “Stone Point Partnerships”), Trident Public Equity GP LLC (“TPE GP”) and Trident Public Equity LP (“TPE LP” and, together with Stone Point, Trident V, Trident V GP, Trident V Parallel, Trident V Professionals and TPE GP, the “Reporting Persons”).

The sole general partner of Trident V is Trident V GP. As the general partner, Trident V GP holds voting and investment power with respect to the Ordinary Shares that are, or may be deemed to be, beneficially owned by Trident V. Pursuant to certain management agreements, Stone Point has received delegated authority from Trident V GP relating to Trident V, including the authority to exercise voting rights of Ordinary Shares on behalf of Trident V, except with respect to any portfolio investment where Trident V controls 10% or more of the voting power of such portfolio company, in which case delegated discretion to exercise voting rights may not be exercised on behalf of Trident V without first receiving direction from the Investment Committee of Trident V GP or a majority of the general partners of Trident V GP. The management agreements do not delegate any power with respect to the disposition of Ordinary Shares held by Trident V.

The sole general partner of Trident V Parallel is Trident Capital V-PF, L.P. (“Trident V Parallel GP”). As the general partner, Trident V Parallel GP holds voting and investment power with respect to the Ordinary Shares that are, or may be deemed to be, beneficially owned by Trident V Parallel. Pursuant to certain management agreements, Stone Point has received delegated authority from Trident V Parallel GP relating to Trident V Parallel, including the authority to exercise voting rights of Ordinary Shares on behalf of Trident V Parallel, except with respect to any portfolio investment where Trident V Parallel controls 10% or more of the voting power of such portfolio company, in which case delegated discretion to exercise voting rights may not be exercised on behalf of Trident V Parallel without first receiving direction from the Investment Committee of Trident V Parallel GP or a majority of the general partners of Trident V Parallel GP. The management agreements do not delegate any power with respect to the disposition of Ordinary Shares held by Trident V Parallel.

The sole general partner of Trident V Professionals is Stone Point GP Ltd. (“Trident V Professionals GP”). As the general partner, Trident V Professionals GP holds voting and investment power with respect to the Ordinary Shares that are, or may be deemed to be, beneficially owned by Trident V Professionals. The manager of Trident V Professionals is Stone Point. In its role as manager, Stone Point has authority delegated to it by Trident V Professionals GP to exercise voting rights of Ordinary Shares on behalf of Trident V Professionals but does not have any power with respect to disposition of Ordinary Shares held by Trident V Professionals. For any portfolio investment where Trident V Professionals controls 10% or more of the voting power of such portfolio company, Stone Point does not have discretion to exercise voting rights on behalf of Trident V Professionals without first receiving direction from the Investment Committee of Trident V Professionals GP or a majority of the shareholders of Trident V Professionals GP.

The sole general partner of TPE LP is TPE GP. As the general partner, TPE GP holds voting and investment power with respect to the Ordinary Shares that are, or may be deemed to be, beneficially owned by TPE LP. TPE GP is governed by a Board of Managers comprising of three individuals: Andrew R. Reutter and David J. Wermuth, who are investment professionals of Stone Point, and Julia A. McCullough, who is the independent manager (and not affiliated with Stone Point). Trident V, Trident V Parallel and Trident V Professionals are the sole members of TPE GP and limited partners of TPE LP.

 

 

 

9


The general partners of each of Trident V GP and Trident V Parallel GP are four single member limited liability companies that are owned by individuals who are members of Stone Point (Charles A. Davis, James D. Carey, David J. Wermuth and Nicolas D. Zerbib). There are four shareholders of Trident V Professionals GP, Messrs. Davis, Carey, Wermuth and Zerbib.

Stone Point is a Delaware limited liability company, and its principal business is serving as the manager of private equity funds, including Trident V Professionals, Trident V and Trident V Parallel. Each of the Stone Point Partnerships is a Cayman Islands limited partnership whose principal business is investing in the securities of companies operating in the financial services industry. TPE LP is a Delaware limited partnership whose principal business is investing in the securities of companies operating in the financial services industry. TPE GP is a Delaware limited liability company, whose principal business is serving as the general partner of TPE LP. The registered office of each of the Reporting Persons is 20 Horseneck Lane, Greenwich, CT 06830.

Current information concerning the identity and background of each member of Stone Point, each general partner of Trident V GP and Trident V Parallel GP, each member of the Investment Committee of Trident V GP and Trident V Parallel GP, each member of the Board of Managers of TPE GP, and the shareholders of Trident V Professionals GP is set forth in Schedule I hereto, which is incorporated herein by reference in response to this Item 2.

To the best knowledge of the Reporting Persons, none of the entities or persons affiliated with the Reporting Persons and identified in the previous paragraphs of this Item 2 has, during the past five years, been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

The information set forth in Item 6 is hereby incorporated herein by reference thereto.

 

Item 3. Source and Amount of Funds or Other Consideration

Item 3 is hereby amended and supplemented by adding the following information:

Pursuant to transfer agreements between TPE LP and each of Trident V, Trident V Parallel and Trident V Professionals, each dated as of November 21, 2016, Trident V, Trident V Parallel and Trident V Professionals transferred an aggregate of 1,350,000 Ordinary Shares to TPE LP in exchange for limited partner interests in TPE LP.

 

Item 4. Purpose of Transaction

Item 4 is hereby amended and restated in its entirety to read as follows:

Each of the Reporting Persons acquired the Ordinary Shares held by it for investment purposes.

Although no Reporting Person currently has any specific plan or proposal to acquire or dispose of Ordinary Shares or any securities exercisable for or convertible into Ordinary Shares, each Reporting Person, consistent with its investment purpose, at any time and from time to time may directly or indirectly acquire additional Ordinary Shares or associated rights or securities exercisable for or convertible into Ordinary Shares or dispose of any or all of its Ordinary Shares or its associated rights or securities exercisable for or convertible into Ordinary Shares (including, without limitation, distributing some or all of such securities to such Reporting Person’s members, partners, stockholders or beneficiaries, as applicable), depending upon an ongoing evaluation of its investment in such securities, applicable legal and/or contractual restrictions, prevailing market conditions, other investment opportunities, liquidity requirements of such Reporting Person and/or other investment considerations.

 

 

 

10


TPE LP, solely in its capacity as a shareholder of the Issuer, and each of the other Reporting Persons, solely in their respective capacities as a general partner, limited partner, member or manager, or the controlling person of any of the foregoing entities, of TPE LP or TPE GP, as applicable, may engage in communications with one or more other shareholders of the Issuer, one or more officers of Issuer and/or one or more members of the Board of Directors of Issuer and/or one or more representatives of the Issuer regarding the Issuer, including but not limited to its operations. Each of the Reporting Persons, in such capacities, may discuss ideas that, if effected, may relate to, or may result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D.

Other than as described above, each of the Reporting Persons reports that neither it nor, to its knowledge, any of the other persons named in Item 2 of this Schedule 13D/A, currently has any plan or proposal which relates to, or may result in, any of the matters listed in Items 4(a)-(j) of Schedule 13D, although the Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.

 

Item 5. Interest in Securities of the Issuer

Item 5 is hereby amended and restated in its entirety to read as follows:

(a), (b) The following disclosure assumes that there are 16,227,500 Ordinary Shares of the Issuer outstanding.

Pursuant to Rule 13d-3 of the rules and regulations promulgated by the Securities and Exchange Commission (the “SEC”) pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (i) Trident V may be deemed to beneficially own an aggregate of 1,350,000 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares outstanding; (ii) in its capacity as sole general partner of Trident V, Trident V GP may be deemed to beneficially own an aggregate of 1,350,000 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares outstanding; (iii) Trident V Parallel may be deemed to beneficially own an aggregate of 1,350,000 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares outstanding, and has shared voting and dispositive power with respect to such shares; (iv) Trident V Professionals may be deemed to beneficially own an aggregate of 1,350,000 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares outstanding, and has shared voting and dispositive power with respect to such shares; (v) in its capacity as the manager of Trident V, Trident V Parallel and Trident V Professionals, Stone Point may be deemed to beneficially own an aggregate of 1,350,000 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares outstanding; (vi) TPE LP may be deemed to beneficially own an aggregate of 1,350,000 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares outstanding, and has shared voting and dispositive power with respect to such shares; and (vii) in its capacity as sole general partner of TPE LP, TPE GP may be deemed to beneficially own an aggregate of 1,350,000 Ordinary Shares, representing approximately 8.3% of the Ordinary Shares outstanding

Each Reporting Person has disclaimed beneficial ownership of the Ordinary Shares that are, or may be deemed to be, directly beneficially owned by TPE LP, except to the extent of their respective pecuniary interests therein. This Schedule 13D/A shall not be construed as an admission that such persons are the beneficial owners of Ordinary Shares for any purpose.

As further described above in Item 2, pursuant to certain management agreements, Stone Point has been delegated authority by Trident V GP, Trident V Parallel GP and Trident V Professionals GP to exercise shared voting rights with respect to the aggregate of 1,350,000 Ordinary Shares on behalf of the Trident V, Trident V Parallel and Trident V Professionals, but Stone Point does not have any power with respect to disposition of Ordinary Shares held by the Partnerships. Pursuant to TPE LP’s limited partnership agreement, any action by TPE LP, including any action with respect to the Ordinary Shares reported herein, must be approved by a unanimous vote of the limited partners of TPE LP. Therefore, each of the Trident V, Trident V Parallel and Trident V Professionals may be deemed to beneficially own any shares directly beneficially owned by TPE LP.

(c) Each of the Reporting Persons reports that neither it, nor to its knowledge, any person named in Item 2 of this Schedule 13D/A, has effected any transactions in Ordinary Shares during the past 60 days, other than as described in Item 3 above.

 

 

 

11


(d) Except as otherwise described in Item 2 and this Item 5, no one other than the Reporting Persons has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, any of the securities of the Issuer beneficially owned by the Reporting Persons as described in Item 5.

(e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6 is hereby amended and supplemented by adding the following information:

The information set forth in Item 3 of this Schedule 13D/A is hereby incorporated by reference.

Following the transfer described in Item 3, TPE LP (and TPE GP as general partner of TPE LP) entered into a credit facility pursuant to which the 1,350,000 Ordinary Shares reported herein as directly held by it were pledged, among other assets, as collateral to secure its payment obligations under a customary margin loan agreement.

 

Item 7. Material to be Filed as Exhibits

 

Exhibit

  

Description

A.    Registration Rights Agreement, dated as of January 31, 2007 among the Issuer (f/k/a Castlewood Holdings, Limited), Trident II, L.P., Marsh & McLennan Capital Professionals Fund, L.P., Marsh &McLennan Employees’ Securities Company, L.P., J. Christopher Flowers, Dominic F. Silvester, and the other shareholders named therein (incorporated by reference to Exhibit 10.1 to the Form 8-K12B filed by the Issuer on January 31, 2007).
B.    Joint Filing Agreement, dated November 23, 2016.

 

 

 

12


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: November 23, 2016     TRIDENT V, L.P.
    By:   Trident Capital V, L.P., its sole general partner
    By:   DW Trident V, LLC, a general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Member
    TRIDENT CAPITAL V, L.P.
    By:   DW Trident V, LLC, a general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Member
    STONE POINT CAPITAL LLC
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   General Counsel
    TRIDENT V PROFESSIONALS FUND, L.P.
    By:   Stone Point GP Ltd., its sole general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Secretary
    TRIDENT V PARALLEL FUND, L.P.
    By:   Trident Capital V-PF, L.P., its sole general partner
    By:   DW Trident V, LLC, a general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Member
    TRIDENT PUBLIC EQUITY LP
    By:   Trident Public Equity GP LLC, its general partner
    By:  

/s/ Andrew R. Reutter

    Name:   Andrew R. Reutter
    Title:   Vice-President
    TRIDENT PUBLIC EQUITY GP LLC
    By:  

/s/ Andrew R. Reutter

    Name:   Andrew R. Reutter
    Title:   Vice-President

 

 

 

13


SCHEDULE I

Stone Point Capital LLC

Set forth below is the name and principal occupation of each of the members of Stone Point Capital LLC (“Stone Point”), each general partner of Trident Capital V, L.P. (“Trident V GP”), and Trident Capital V-PF, L.P. (“Trident V Parallel GP”), each member of the Investment Committee of Trident V GP and Trident V Parallel GP, each member of the Board of Managers of Trident Public Equity GP LLC, and the shareholders of Trident V Professionals GP. Each of the following individuals is a United States citizen. The business address of each officer is c/o Stone Point Capital LLC, 20 Horseneck Lane, Greenwich, CT 06830.

 

Name and Office    Principal Occupation

Charles A. Davis

Chief Executive Officer, Stone Point

General Partner (through single-member limited liability company) and member of Investment Committee, Trident V GP and Trident V Parallel GP

Shareholder of Trident V Professionals GP

   Private Equity Investor, Stone Point

Stephen Friedman

Chairman, Stone Point

   Private Equity Investor, Stone Point

James D. Carey

Senior Principal, Stone Point

General Partner (through single-member limited liability company) and member of Investment Committee, Trident V GP and Trident V Parallel GP

Shareholder of Trident V Professionals GP

   Private Equity Investor, Stone Point

David J. Wermuth

Senior Principal and General Counsel, Stone Point

General Partner (through single-member limited liability company) and member of Investment Committee, Trident V GP and Trident V Parallel GP

Shareholder of Trident V Professionals GP

Member of the Board of Managers of Trident Public Equity GP LLC

   Private Equity Investor, Stone Point

Nicholas D. Zerbib

Senior Principal, Stone Point

General Partner (through single-member limited liability company) and member of Investment Committee, Trident V GP and Trident V Parallel GP

Shareholder of Trident V Professionals GP

   Private Equity Investor, Stone Point

 

 

 

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Andrew R. Reutter

Principal, Stone Point

Member of the Board of Managers of Trident Public Equity GP LLC

   Private Equity Investor, Stone Point

Julia A. McCullough

Member of the Board of Managers of Trident Public Equity GP LLC

   Compliance Specialist, Corporation Services Company

 

 

 

15

EX-99.B

Exhibit B

JOINT FILING AGREEMENT

The undersigned hereby agree that Amendment No. 1, dated November 23, 2016 (“Amendment No. 1”), to the Schedule 13D previously filed on November 15, 2013 (the “Original Schedule 13d”) with respect to the ordinary shares, par value $1.00 per share, of Enstar Group Limited, a Bermuda company, is, and any subsequent amendments to the Original Schedule 13D executed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934, as amended, and this Agreement shall be included as an Exhibit to Amendment No. 1 and each such subsequent amendment to the Original Schedule 13D. Each of the undersigned agrees to be responsible for the timely filing of any subsequent amendments to the Original Schedule 13D, and for the completeness and accuracy of the information concerning itself contained therein. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement as of the 23rd day of November, 2016.

[remainder intentionally blank]

 

 

16


Date: November 23, 2016     TRIDENT V, L.P.
    By:   Trident Capital V, L.P., its sole general partner
    By:   DW Trident V, LLC, a general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Member
  TRIDENT CAPITAL V, L.P.
  By:   DW Trident V, LLC, a general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Member
  STONE POINT CAPITAL LLC
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   General Counsel
  TRIDENT V PROFESSIONALS FUND, L.P.
  By:   Stone Point GP Ltd., its sole general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Secretary
  TRIDENT V PARALLEL FUND, L.P.
  By:   Trident Capital V-PF, L.P., its sole general partner
  By:   DW Trident V, LLC, a general partner
    By:  

/s/ David J. Wermuth

    Name:   David J. Wermuth
    Title:   Member
    TRIDENT PUBLIC EQUITY LP
    By:   Trident Public Equity GP LLC, its general partner
    By:  

/s/ Andrew R. Reutter

    Name:   Andrew R. Reutter
    Title:   Vice-President
    TRIDENT PUBLIC EQUITY GP LLC
    By:  

/s/ Andrew R. Reutter

    Name:   Andrew R. Reutter
    Title:   Vice-President

 

 

17