Unavailable
Unavailable
HAMILTON, Bermuda, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (NASDAQ:ESGR) today announced the expiration of the 35-day "go-shop" period as provided in the previously announced definitive merger agreement, pursuant to which Sixth Street, a leading global investment firm, will acquire Enstar for $5.1 billion. The go-shop period expired at 11:59 p.m. ET on September 2, 2024. During the "go-shop" period, Enstar, with the assistance of its financial advisor Goldman Sachs & Co. LLC, actively solicited alternative acquisition proposals from 34 potentially interested third parties. To date, the Company has not received any additional acquisition proposals following the e
HAMILTON, Bermuda, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ:ESGR) announced today that it has completed the previously announced transaction between one of its wholly owned subsidiaries with Insurance Australia Limited, on behalf of Insurance Australia Group ("IAG"), following receipt of the relevant regulatory approvals and satisfaction of the final closing conditions. Under the terms of the adverse development cover ("ADC") agreement, Enstar will provide approximately the equivalent of US$442 million (AU$650m) of excess cover over the equivalent of US$1.7 billion (AU$ 2.5bn) of underlying reserves for certain long-tail insurance business. The portfolio includes Pro
HAMILTON, Bermuda, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ:ESGR) announced today that one of its wholly owned subsidiaries has reached an agreement to provide a ground-up Loss Portfolio Transfer ("LPT") with certain subsidiaries of QBE Insurance Group Limited ("QBE"). The transaction involves a diversified portfolio of US commercial liability and workers' compensation business, largely underwritten on recently discontinued programs. Enstar is familiar with the majority of the business and has existing exposure to the programs through a previous transaction with QBE in 2023. Under the terms of the agreement, Enstar's subsidiary will assume net loss reserves from QBE
Enstar Gr's (NYSE:ESGR) short percent of float has risen 16.98% since its last report. The company recently reported that it has 82 thousand shares sold short, which is 0.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
Enstar Gr (NASDAQ:ESGR) reported quarterly earnings of $8.02 per share. This is a 67.65 percent decrease over earnings of $24.79 per share from the same period last year. The company reported $250.00 million in sales this quarter. This is a 60.44 percent decrease over sales of $632.00 million the same period last year.
SC 13D/A - Enstar Group LTD (0001363829) (Subject)
SC 13D - Enstar Group LTD (0001363829) (Subject)
SC 13D - Enstar Group LTD (0001363829) (Subject)
3 - Enstar Group LTD (0001363829) (Issuer)
3 - Enstar Group LTD (0001363829) (Issuer)
3 - Enstar Group LTD (0001363829) (Issuer)
HAMILTON, Bermuda, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ:ESGR) announced today that Zachary Wolf has stepped down from his position as Chief Financial Officer to pursue other opportunities and will remain available for a transition period until September 30, 2021. Orla Gregory, Enstar's current Chief Operating Officer, has been named Acting Chief Financial Officer. Michael Murphy, Enstar's current Chief Accounting Officer, will serve as Deputy Chief Financial Officer. Ms. Gregory has served as Chief Operating Officer since 2016, having previously served as Chief Integration Officer and in executive M&A positions from 2009. She joined Enstar 18 years ago, having
HAMILTON, Bermuda, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (NASDAQ:ESGR) today announced that it will pay cash dividends on its Series D and Series E preference shares. Dividends on Enstar's Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series D Preference Share) will be payable on September 1, 2024 to shareholders of record on August 15, 2024. Dividends on Enstar's Series E 7.00% Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series E Preference Share) will be pay
Enstar to be Acquired by Sixth Street-led Consortium for $5.1 BillionNet Income Attributable to Enstar Ordinary Shareholders of $126 Million; Return on Equity of 2.5% Primarily Driven by Positive Investment ResultsYear-to-Date Growth in Book Value per Ordinary Share of 4.5% to $358.74 (Fully Diluted* $350.74) Announced $400 Million Loss Portfolio Transfer with SiriusPointSigned $350 Million Agreement to Provide Reinsurance Cover in Insurance-linked Securities (ILS) Market1Entered into $200 Million Adverse Development Cover Agreement with Insurance Australia GroupClosed $297 Million Transaction To Reinsure Legacy Business with Accredited1This transaction closed on July 25. * Non-GAAP measure
Enstar shareholders to receive $338.00 per share in cash Strong alignment between Enstar and Sixth Street to ensure continuity of Enstar strategy HAMILTON, Bermuda, July 29, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (NASDAQ:ESGR) today announced that it has entered into a definitive merger agreement under which Sixth Street will acquire Enstar, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the transaction. Enstar shareholders will receive a total of $338.00 in cash per ordinary share of Enstar payable upon closing of the transaction, representing a total equity value of $5.1 billion. The consideration represent
8-K - Enstar Group LTD (0001363829) (Filer)
SC 13E3 - Enstar Group LTD (0001363829) (Subject)
PREM14A - Enstar Group LTD (0001363829) (Filer)