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, historically listed on NASDAQ under the symbol ESGR, has generated a range of news items that reflect its role as a global insurance group focused on capital release solutions and legacy insurance business. Company announcements frequently describe Enstar as a market leader in completing legacy acquisitions, having acquired more than 120 companies and portfolios since its formation, and operating through group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, Liechtenstein and Belgium.
News related to ESGR has covered several recurring themes. One category involves corporate and capital markets activity, such as the pricing of junior subordinated notes, cash tender offers for outstanding notes, and the use of proceeds for acquisitions, working capital, or other business opportunities. Another category includes preference share dividends, where Enstar has periodically announced cash dividends on its Series D and Series E perpetual non-cumulative preference shares represented by depositary shares.
Enstar’s news flow has also highlighted reinsurance and legacy transactions. Examples include loss portfolio transfer agreements in which counterparties cede reserves for prior underwriting years to Enstar subsidiaries or syndicates, with claims handling transferring to an Enstar-managed entity. Rating actions affecting Enstar subsidiaries, such as AM Best’s assignment of an “A” (Excellent) financial strength rating to Cavello Bay Reinsurance Limited, have been another area of news interest.
A major development documented in Enstar’s news releases is the acquisition of Enstar by investment vehicles managed by affiliates of Sixth Street and other institutional investors, completed on July 2, 2025. Following this transaction, Enstar’s ordinary shares ceased to be publicly listed, and the company indicated it would continue as a privately held group. This news page serves as an archive of such historical announcements, allowing users to review Enstar’s corporate actions, capital structure changes, and legacy insurance transactions during the period when ESGR was an active listing.
Enstar Group Limited (Nasdaq: ESGR) reported a net loss of $196.0 million for Q3 2021, translating to $10.68 per share. In contrast, net earnings for the first nine months of 2021 were $364.6 million ($17.53 per share), down from $615.0 million in Q3 2020. The loss was mainly due to $273.3 million in net realized and unrealized losses, largely from the InRe Fund amidst market volatility. Non-GAAP operating loss stood at $176.0 million for Q3 while net investment income for nine months reached $231.0 million. Shareholder equity decreased to $5.6 billion.
Enstar Group Limited (NASDAQ: ESGR) has finalized an agreement with Royal & Sun Alliance Insurance Limited to provide £400 million in adverse development cover (ADC) for select business lines in the UK and Ireland. The agreement entails a £2.595 billion retention on losses occurring before December 31, 2020. Enstar will cover 50% of the ADC while RSA retains the other 50%. Regulatory approvals have been obtained, marking this as Enstar’s second significant deal with RSA, highlighting the importance of legacy solutions in facilitating mergers and acquisitions in the global insurance sector.
Ambac Financial Group, Inc. (NYSE: AMBC) has announced the acquisition of Providence Washington Insurance Company (PWIC) by its subsidiary, Everspan Insurance Company, effective October 1, 2021. This acquisition aims to enhance Everspan Group's capabilities in launching new programs and developing innovative insurance products. PWIC, the second oldest insurance company in the U.S., holds licenses in 47 states. CEO Claude LeBlanc stated that this acquisition aligns with Ambac's strategy to create long-term shareholder value.
On September 1, 2021, Enstar Group Limited (NASDAQ: ESGR) announced the completion of its acquisition of a 27.7% interest in Enhanzed Reinsurance Ltd. from Hillhouse Group for $217.1 million. This transaction raises Enstar's total stake in Enhanzed Re from 47.4% to 75.1%, while Allianz retains a 24.9% interest. Enhanzed Re holds approximately $4.0 billion in assets and $3.0 billion in reinsurance reserves. The acquisition is expected to enhance Enstar's portfolio and strengthen its relationship with Allianz.
Enstar Group Limited (Nasdaq: ESGR) announced the completion of its cash tender offer for outstanding 4.500% Senior Notes due 2022. The tender offer expired on August 20, 2021, with valid tenders amounting to $69,556,000 out of $350,000,000 in outstanding notes. Settlement for accepted tenders is anticipated on August 25, 2021, with holders receiving $1,021.82 for each $1,000 principal amount tendered, plus accrued interest. The offer was managed by Wells Fargo Securities, Barclays Capital, and HSBC Securities, and details are outlined in the Offer to Purchase dated August 16, 2021.
Enstar Group Limited (Nasdaq: ESGR) announced the results of its cash tender offer for its outstanding 4.500% Senior Notes due 2022. The offer included a consideration of $1,021.82 per $1,000 principal amount of Notes validly tendered, with accrued interest to be paid until the settlement date, anticipated on August 25, 2021. The tender offer's expiration was set for 5:00 p.m. on August 20, 2021. The condition for financing was satisfied with debt capital markets issuances totaling at least $350 million. The offer is managed by Wells Fargo, Barclays, and HSBC.
Enstar Group Limited (Nasdaq: ESGR) announced the pricing of $500 million of its 3.100% Senior Notes due 2031, set to close on August 24, 2021. The proceeds will fund the purchase of its existing 4.500% Senior Notes due 2022 and will be allocated for general corporate purposes, including paying down debt and potential acquisitions. The offering is managed by Wells Fargo Securities, Barclays, and HSBC.
This press release includes forward-looking statements, which involve risks and uncertainties. Investors are advised to review Enstar's risk factors.
Enstar Group Limited (Nasdaq: ESGR) announced a cash tender offer for its outstanding 4.500% Senior Notes due 2022, totaling $350 million. The launch date is August 16, 2021, with a expiration time set for 5:00 p.m. on August 20, 2021. The offer is contingent upon the company securing a minimum of $350 million through debt capital markets. Enstar has engaged Wells Fargo, Barclays, and HSBC as dealer managers. Holders must adhere to specific guidelines for validly tendering their notes to receive payment.
Enstar Group Limited (NASDAQ: ESGR) announced that Zachary Wolf has resigned as Chief Financial Officer to pursue other opportunities, remaining until September 30, 2021, for a transition period. Orla Gregory, the current Chief Operating Officer since 2016, has been appointed Acting Chief Financial Officer, supported by Michael Murphy as Deputy Chief Financial Officer. Gregory brings extensive experience in accounting and finance, while Murphy has a strong background in the insurance industry.
Enstar Group Limited (Nasdaq: ESGR) has announced cash dividends for its Series D and Series E preference shares, each amounting to $0.43750 per depositary share. These dividends will be paid on September 1, 2021, to shareholders recorded as of August 15, 2021. Enstar is a leading global insurance group known for its innovative capital release solutions and has acquired over 100 companies since its establishment in 2001.
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