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.
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Enstar Group Limited (NASDAQ: ESGR) has successfully executed a Loss Portfolio Transfer transaction with subsidiaries of QBE Insurance Group Limited. This transaction involves net loss reserves of $1.9 billion from QBE, with Enstar providing approximately $900 million of cover exceeding ceded reserves. The business covered includes various International and North American financial lines, European reinsurance portfolios, and certain discontinued US programs. The terms of the agreement stipulate adjustments based on claims made between January 1, 2023, and the closing date. The completion of the transaction followed necessary regulatory approvals and other closing conditions being met.
Enstar Group Limited (NASDAQ: ESGR) has announced a $341 million buyback of 1,597,712 non-voting convertible ordinary shares from Canada Pension Plan Investment Board (CPP Investments) at a price of $213.13 per share, reflecting a 5% discount to the recent trading price and a 13% discount to book value. This transaction aims to simplify Enstar's share capital structure by eliminating all outstanding non-voting shares. Post-transaction, CPP Investments will hold 9.4% of Enstar’s voting shares, maintaining its board representation. CEO Dominic Silvester highlighted the deal as a strategic use of Enstar's strong capital position to enhance shareholder value.
Enstar Group Limited (NASDAQ: ESGR) announced executive promotions following Paul O’Shea's retirement as President on March 1, 2023, after 28 years. Orla Gregory has been appointed as President, previously serving as CFO since August 2021. Paul Brockman is now Chief Operating Officer while retaining his role as Chief Claims Officer. Matthew Kirk, previously Group Treasurer, takes on the role of CFO. CEO Dominic Silvester expressed confidence in the new leadership and emphasized the company's readiness for growth opportunities, aiming to create long-term value for shareholders.
Enstar Group Limited (Nasdaq: ESGR) reported fourth quarter net earnings of $227 million, or $13.26 per diluted share, a significant increase from $120 million, or $6.66 per share in Q4 2021. The company achieved a Return on Equity (ROE) of 5.9% and a strong book value per share increase of 8.4% to $246.20. Notable developments included a $1.9 billion Loss Portfolio Transfer agreement with QBE. However, Enstar faced challenges with a net loss of $906 million for the year, primarily due to market conditions that affected investment performance. The company remains optimistic about its future position in the legacy market.
Enstar Group Limited (NASDAQ: ESGR) has announced a significant Loss Portfolio Transfer agreement with RACQ Insurance Limited, reinsuring 80% of RACQ’s Compulsory Third Party liabilities for accident years 2021 and prior. Effective from July 1, 2022, this agreement involves net reserves of approximately AUD$360 million, with Enstar covering around AUD$200 million of excess. The transaction will finalize upon meeting regulatory approvals and closing conditions. CEO Dominic Silvester highlighted the alignment with Enstar’s competencies and the importance of the Australian market for long-term value delivery to clients.