Profile: Enstar Group Ltd (ESGR.O)

ESGR.O on Nasdaq

159.95USD
3 Aug 2015
Change (% chg)

$-0.04 (-0.03%)
Prev Close
$159.99
Open
$159.20
Day's High
$160.44
Day's Low
$157.64
Volume
23,739
Avg. Vol
29,789
52-wk High
$166.40
52-wk Low
$133.35

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Enstar Group Limited (Enstar), incorporated on August 16, 2001, is engaged in acquiring and managing insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off, and providing management, consulting and other services to the insurance and reinsurance industry. Enstar operates its business through four segments: Non-Life Run-Off, Atrium, Torus, and Life and Annuities. The Non-Life Run-Off Segment consists of the operations and financial results of the Company’s subsidiaries that are running off its property and casualty, and other non-life lines of business, as well as the run-off businesses of Arden and Torus. The Atrium Segment consists of the active underwriting operations and financial results of Northshore Holdings Limited, a holding company that owns Atrium and its subsidiaries and Arden. The Torus segment consists of the active underwriting operations and financial results of Bayshore Holdings Limited, a holding company that owns Torus and its subsidiaries. The Life and Annuities Segment consists of the operations and financial results of the Company’s subsidiaries that are operating the Company’s closed-block of life and annuity businesses.

Non-life Run-off Segment

The Company’s Non-life Run-off Segment includes the operations and financial results of the Company’s subsidiaries that are running off its property and casualty and other non-life lines of business, as well as the run-off businesses of Arden and Torus. It also includes the Company’s smaller management business, which manages the run-off portfolios of third parties through its service companies.

Atrium Segment

The Company’s Atrium segment consists of the active underwriting operations and financial results of Northshore Holdings Limited, a holding company that owns Atrium and its subsidiaries and Arden. Atrium is a managing general agent at Lloyd’s of London, which manages Syndicate 609 through a corporate capital vehicle, Atrium 5 Ltd., and provides approximately 25% of the syndicate’s underwriting capacity and capital (with the balance provided by traditional Lloyd’s Names). Atrium is engaged in underwriting in the areas of accident and health, aviation, marine, property, non-marine direct and facultative, liability, property and casualty binding authorities, reinsurance, upstream energy, war and terrorism insurance, cargo and fine art. Arden is a Bermuda-based reinsurance company that provides reinsurance to Atrium (through an approximately 65% quota share reinsurance arrangement with Atrium 5 Ltd.).

Torus Segment

The Company’s Torus segment consists of the active underwriting operations and financial results of Bayshore Holdings Limited, a holding company that owns Torus and its subsidiaries. Torus is an insurer that offers a range of property, casualty and specialty insurance through its operations in the United Kingdom, Continental Europe and the United States.

Life and Annuities Segment

The Life and Annuities Segment consists of the operations of the Company’s subsidiaries managing its closed-block of life and annuity business. The segment also includes Laguna Life Limited, a Irish-based closed-life company formerly known as CitiLife Financial Limited.

Company Address

Enstar Group Ltd

WINDSOR PLACE
3RD FL., 22 QUEEN STREET, 2267
P.O. Box HM
HAMILTON     HM JX
P: +1441.2923645

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