Welcome to our dedicated page for Enstar Group news (Ticker: ESGR), a resource for investors and traders seeking the latest updates and insights on Enstar Group stock.
Enstar Group Limited (ESGR) provides comprehensive news coverage for this global leader in legacy reinsurance solutions and capital release strategies. Track official press releases, financial disclosures, and strategic developments from the Bermuda-based specialist in run-off portfolio management.
This resource consolidates Enstar's key announcements including acquisition updates, quarterly earnings reports, and leadership changes. Investors gain direct access to primary source materials detailing the company's management of insurance liabilities and investment portfolio performance.
Discover timely updates on Enstar's global operations across Bermuda, US, and Asian markets. Content spans regulatory filings, partnership announcements, and industry recognition related to their specialty in claims resolution and risk transfer solutions.
Bookmark this page for streamlined monitoring of ESGR's strategic initiatives in legacy underwriting and reinsurance innovations. Verify all information through direct links to original source documents and SEC filings.
Enstar Group announced the payment of cash dividends on its Series D and Series E preference shares. The dividends for both series will be $0.43750 per depositary share and will be payable on June 3, 2024, to shareholders of record on May 15, 2024.
Enstar Group reported net income of $119 million for the first quarter of 2024, with a return on equity of 2.4%. The company saw growth in book value per ordinary share by 1.7% to $349.41. Enstar also announced a $400 million Loss Portfolio Transaction with SiriusPoint and received a financial strength rating of 'A' for its subsidiary, Cavello Bay Reinsurance The company's CEO highlighted positive investment results and successful business transactions.
Enstar Group (NASDAQ: ESGR) has agreed to a $400 million loss portfolio transfer with SiriusPoint to reinsure a Workers’ Compensation business portfolio. The reinsurance agreement involves SiriusPoint ceding net reserves of $400 million, while Enstar’s subsidiary will provide $200 million of cover in excess of the ceded reserves. The transaction, facilitated by Guy Carpenter, is subject to regulatory approvals. Enstar's CEO, Dominic Silvester, sees the partnership as a strategic move in the US Workers’ Compensation sector.
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