October 5, 2020
Enstar Group Ltd. has made a 100% cash offer to purchase Watford Holdings Ltd.for $31.00 per ordinary share, which amounts to $620 million. The Enstar offer is higher than another offer received recently from Arch Capital Group and a group …
June 15, 2020
AM Best has placed under review with negative implications the credit ratings of StarStone Insurance Bermuda and its subsidiaries as a result of the recent announcement by parent company, Enstar Group Ltd., that it was boosting the capital of StarStone …
June 11, 2020
Enstar Group Ltd. announced it has increased the capitalization of its specialty property/casualty insurance subsidiary StarStone U.S. Holdings Inc., by $630 million. Three private equity investors have committed $610 million in new equity capital which, together with the rollover of …
March 3, 2020
Aspen Insurance Holdings Ltd. announced that it has entered into anadverse development cover reinsurance agreement with a wholly owned subsidiary of Enstar Group Ltd. In the transaction, Enstar’s subsidiary will reinsure losses incurred on or prior to Dec. 31, 2019 …
October 17, 2018
StarStone, the London-based specialty insurer, announced the appointment of John Hendrickson as group chief executive officer of StarStone Group, with immediate effect. He succeeds Demian Smith, who resigned in September 2018 after eight years of service. Hendrickson joins with over …
September 4, 2018
An Enstar Group subsidiary has agreed to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. The net consideration payable in the transactions is $307.5 million, subject to certain closing adjustments. Enstar will assume approximately $1.3 billion of …
December 21, 2017
Neon announced it has entered into a reinsurance to close (RITC) agreement for Syndicate 2468’s 2015 and prior years of account. The agreement was formed with StarStone, a global specialty insurer and subsidiary of Enstar Group Ltd. The transaction provides …
February 16, 2017
The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings said. The main beneficiaries are likely to be the financially strongest reinsurers …
January 24, 2017
StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory approval. Led by managing partner Giles Hussey, Malakite will target …
December 20, 2016
Enstar Group Ltd. has launched KaylaRe Ltd., a Bermuda-based Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market. KaylaRe launches with initial capital of $620 million, backed by a $300 million investment from Enstar; …