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Would you like to swing on an Enstar? The Enstar Group swings for the fences through investments in insurance and reinsurance firms that are in run-off (insurers that have discontinued underwriting new business but still have liabilities on their books), usually buying a business at a discount to its book value. It has closed more than a dozen purchases since 2006. Enstar also manages run-off business for insurers and reinsurers, collecting consulting fees for its troubles. In 2009 Enstar acquired Copenhagen Re, which was placed in run-off after suffering losses related to the 9/11 terrorist attacks. The group is now buying British Engine Insurance from RSA Insurance for some £28 million (about $45.5 million).
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| | | Contact Information | |
Address: |
Windsor Place, 3rd Fl., 18 Queen St.
Hamilton HM 11, Bermuda
| | Phone: | 441-292-3645 | | Fax: | 441-296-0895 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 50.10 M | | Revenue Growth (1 yr): | (-48.00%) | | Employees (2008): | 292 | | Employee Growth (1 yr): | 32.10% |
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Key People
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Chairman:
John J. Oros
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CEO and Director:
Dominic F. Silvester
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EVP and Joint COO:
Nicholas A. Packer
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