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Enstar Group Ltd has made a $31 a share offer to buy fellow Bermudian insurer Watford Holdings Ltd, which values the company at about $616 million. The offer came in a letter to the Watford board, signed by Paul O’Shea, Enstar’s president and dated S...

Bermudian run-off specialist Enstar Group reported net earnings of $798.6 million for the second quarter, driven by gains in its investment portfolio as stock and bond markets rebounded. The profit broke down to $36.65 per share and compared to net ...

Bermudian-based Enstar Group Ltd has acquired a subsidiary of US industrial company BorgWarner. For Enstar, which specialises in acquiring insurance companies in run-off, it is the second acquisition of a non-insurance company with historic liabiliti...

Bermudian-based Enstar Group Ltd has struck a deal to acquire some Australian run-off portfolios from subsidiaries of Munich Re. A subsidiary of Enstar will receive total assets of approximately AUS$228.2 million (about $156.2 million) for assuming t...

Myron Hendry has joined the board of Bermudian-based Enstar Group Ltd as a class II director, the company announced. Mr Hendry, 70, whose appointment is effective on July 1, was most recently executive vice-president and chief platform officer of XL ...

Ed Noonan, the former chairman and chief executive officer of Bermudian reinsurer Validus Holdings, has taken a new role as chairman of global specialty insurer StarStone. StarStone is predominantly owned by Bermudian-based Enstar Group, which has a ...

Enstar Group Ltd has completed its acquisition of a US subsidiary of fellow Bermudian-based company Maiden Holdings Ltd. Enstar, a company that specialises in acquiring and managing companies and portfolios in run-off, said last night it paid out $27...

Enstar Group Ltd is partnering with German insurance giant Allianz and investment manager Hillhouse to launch a new Bermuda re/insurer. Enstar, a Bermudian-based company which specialises in acquiring and managing companies and portfolios in run-off,...

Shares of Bermudian reinsurer Maiden Holdings plummeted 31.8 per cent yesterday, after the company announced a hefty third-quarter loss when analysts had forecast a profit. The company also continued its ongoing restructuring by striking a loss portf...

Maiden Holdings’ sale of its US reinsurance unit to a subsidiary of fellow Bermudian company Enstar Group makes sense for both companies, according to investment research company Zacks. Maiden will receive net proceeds of $307.5 million for its Misso...

Maiden Holdings has sold its US reinsurance unit to a subsidiary of fellow Bermudian company Enstar Group. Maiden will receive net proceeds of $307.5 million for its Missouri-based subsidiary Maiden Reinsurance North America. Enstar will operate the ...

Enstar reported a net loss of $41.2 million in the first quarter of the year as a fall in the market value of fixed-income securities impacted financial results. The Bermudian-based run-off specialist loss compared to net earnings of $54.7 million in...