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Enstar Group Limited - ESGR STOCK NEWS

Welcome to our dedicated news page for Enstar Group (Ticker: ESGR), a resource for investors and traders seeking the latest updates and insights on Enstar Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Enstar Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Enstar Group's position in the market.

Rhea-AI Summary
Enstar Group (NASDAQ: ESGR) receives an 'A' rating with a stable outlook from S&P for its subsidiary Cavello Bay Reinsurance , highlighting Enstar's leadership in the global non-life run-off market and strong claims management capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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none
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Rhea-AI Summary
Enstar Group Limited (Nasdaq: ESGR) reported a strong financial performance for the fourth quarter and full year 2023, with net income attributable to Enstar ordinary shareholders of $599 million and $1.1 billion, respectively. The company achieved a Return on Equity (ROE) of 13.7% for the fourth quarter and 24.2% for the full year. Enstar also saw growth in Book Value per Ordinary Share of 31.0% to $343.45. The company closed a significant transaction with AIG, repurchased voting ordinary shares at a discount, and acquired the remaining equity interest in StarStone Specialty Holdings Limited. Enstar's CEO, Dominic Silvester, highlighted the company's strong performance in investment returns and run-off liability earnings, emphasizing the strategic focus on M&A and innovative legacy solutions to drive long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.58%
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none
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Rhea-AI Summary
Enstar Group Limited (ESGR) has announced cash dividends on its Series D and Series E preference shares. Dividends of $0.43750 per depositary share will be payable on March 1, 2024, to shareholders of record on February 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
dividends
Rhea-AI Summary
Enstar Group Limited (Nasdaq: ESGR) reported net earnings of $38 million and a return on equity of 0.9% for the third quarter of 2023, driven by investment results. The company also announced the repurchase of $191 million of ordinary shares at a 5% discount to the trailing 10-day volume weighted average price, representing a 19.5% discount to book value per ordinary share as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
earnings
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Rhea-AI Summary
Enstar Group Limited (Nasdaq: ESGR) will pay cash dividends on its Series D and Series E preference shares. Dividends of $0.43750 per depositary share for Series D and Series E preference shares will be payable on December 1, 2023, to shareholders of record on November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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Rhea-AI Summary
Enstar Group Limited (NASDAQ: ESGR) has closed a transaction with American International Group, Inc. (AIG) to provide protection for AIG's retained exposure to adverse development on Validus Re's loss reserves. The cover became effective on November 1, 2023, after regulatory approvals and closing conditions were satisfied.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
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none
Rhea-AI Summary
Enstar Group Limited signs agreement with AIG to provide adverse development cover for Validus Re's loss reserves
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.06%
Tags
earnings
Rhea-AI Summary
Enstar Group Limited has closed a Loss Portfolio Transfer agreement with RACQ Insurance Limited, reinsuring 80% of RACQ's motor vehicle compulsory third party insurance liabilities. Enstar's subsidiary will provide approximately USD$130 million of cover in excess of the ceded reserves.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.7%
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none
Enstar Group Limited

Nasdaq:ESGR

ESGR Rankings

ESGR Stock Data

4.72B
12.04M
7.86%
81.96%
0.72%
Reinsurance Carriers
Finance and Insurance
Link
Bermuda
3rd Floor 22 Queen Street

About ESGR

enstar is leading global insurance group that provides innovative capital release solutions and live specialty underwriting capabilities. our diversified portfolio of companies are positioned across the world’s major insurance hubs spanning bermuda, the us, london, continental europe, singapore, australia and others. with more than 1,300 employees in 22 countries, enstar leverages its expertise in claims management, risk analysis, and investment to generate value. enstar also provides management, consulting, and other services to the global insurance industry. they make enstar different, something unique. our brands atrium a longstanding and highly respected underwriting business at lloyd’s. atrium manages syndicate 609 and provides about a quarter of its underwriting capital, alongside traditional ‘names’. www.atrium-uw.com/ starstone a global specialty insurer providing a diversified range of insurance products to customers around the world. starstone expands enstar’s live underwriti