Enstar Group Limited - Ordinary Shares (ESGR) News
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ESGR News Highlights
- For ESGR, its 30 day story count is now at 2.
- Over the past 20 days, the trend for ESGR's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- AIG are the most mentioned tickers in articles about ESGR.
Latest ESGR News From Around the Web
Below are the latest news stories about ENSTAR GROUP LTD that investors may wish to consider to help them evaluate ESGR as an investment opportunity.
Enstar Announces Adverse Development Cover Agreement with AIGHAMILTON, Bermuda, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has signed an agreement with American International Group, Inc. (“AIG”) to provide AIG with protection against adverse development on the portion of Validus Re’s loss reserves that AIG retains exposure to following the closing of AIG’s sale of Validus Re to RenaissanceRe. Per the agreement, Enstar will provide $400 million of adverse development cove |
Life insurer Monument Re explores options including sale -sourcesMonument Re, a buyer of European life insurance portfolios, is exploring strategic options after reporting a drop in its capital ratios last year, people familiar with the matter told Reuters. Citigroup and Fenchurch Advisory are working with the company and its owners on the options, which include a possible sale, said the people, who declined to be named because the discussions are private. It has a fragmented ownership structure with several institutional and individual shareholders, including Enstar Group, Hannover Re and Caspar Berendsen, a partner at private equity house Cinven, one of the people said. |
Enstar Group (ESGR) Q2 2023 Earnings Call TranscriptThank you for listening to Enstar's Second Quarter 2023 Earnings Audio Review with CEO Dominic Silvester and CFO Matt Kirk. Before we begin, I'd like to remind everyone that this presentation contains forward-looking statements and non-GAAP financial measures. Forward-looking statements in this presentation include, but are not limited to, statements about Enstar's expectations for future and pending transactions, run-off liability earnings, the performance of its investment portfolio and the impact of rising interest rates on Enstar's business. |
Enstar Group Limited Announces Quarterly Preference Share DividendsHAMILTON, Bermuda, Aug. 04, 2023 (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, 2023 to shareholders of record on August 15, 2023. Divide |
Enstar Group Limited Reports Second Quarter 2023 ResultsNet Earnings of $21 million and Return on Equity of 0.5%, primarily driven by investment resultsBook Value per Ordinary Share grew 8.6% to $284.76 (Adjusted* $279.37) as of June 30, 2023Completed Loss Portfolio Transfers with QBE and RACQReceived upgrade from S&P on long-term issuer credit ratingExtended term to May 2028 and upsized revolving credit agreement by $200 million to $800 million at lower cost of capital HAMILTON, Bermuda, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq |
Enstar Completes Loss Portfolio Transfer With RACQHAMILTON, Bermuda, June 02, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly-owned subsidiaries has closed a previously announced Loss Portfolio Transfer agreement with RACQ Insurance Limited (“RACQ”) to reinsure 80% of RACQ’s motor vehicle compulsory third party insurance liabilities, covering accident years 2021 and prior. Under the reinsurance agreement, which is effective as of July 1, 2022, RACQ will cede net reserves of approximately AUD$ |
Enstar Group (ESGR) Q1 2023 Earnings Call TranscriptThank you for listening to Enstar's First Quarter 2023 Earnings Audio Review with CEO Dominic Silvester and CFO Matt Kirk. Before we begin, I'd like to remind everyone that this presentation contains forward-looking statements and non-GAAP financial measures. |
Enstar Group Limited Reports First Quarter 2023 ResultsNet Earnings of $424 million and Return on Equity of 9.5%, primarily driven by strong investment resultsBook Value per Ordinary Share grew 7.8% to $282.74 (Adjusted* $277.38) as of March 31, 2023Returned $341 million to shareholders through share repurchasesCompleted novation of Enhanzed Re reinsurance policies, recording $194 million gainSubsequent to quarter end, completed $1.9 billion Loss Portfolio Transfer with QBE HAMILTON, Bermuda, May 04, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (Na |
A Enstar Group Limited (NASDAQ:ESGR) insider increased their holdings by 4.4% last yearInsiders were net buyers of Enstar Group Limited's ( NASDAQ:ESGR ) stock during the past year. That is, insiders bought... |
Enstar Completes Loss Portfolio Transfer With QBEHAMILTON, Bermuda, April 07, 2023 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that its wholly-owned subsidiaries have closed a Loss Portfolio Transfer transaction with certain subsidiaries of QBE Insurance Group Limited (“QBE”) on a diversified portfolio of business, covering International and North America financial lines, European and North American reinsurance portfolios, and several US discontinued programs. Enstar’s subsidiaries assumed net loss reserves from QBE |