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Run-off books pose a significant profitability challenge for insurance companies. Three main strategies for addressing it are internal optimisation, outsourcing of certain activities, and selling the closed book to a specialised consolidator. Insurance companies are currently deal...
HAMILTON, Bermuda, May 20, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has closed a previously announced agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited and its subsidiaries fo...
Enstar press release (NASDAQ:ESGR): Q1 GAAP EPS of -$16.04. Book Value per Ordinary Share and Adjusted Book Value per Ordinary Share of $286.51 and $282.10, respectively, as of March 31, 2022, a decline of 9.4% and 9.2%, respectively, from December 31, 2021 Returned $42 million to shareholder...
Net Earnings of $437 million for the Year Ended December 31, 2021 Return on Equity of 7.1% for the Year Ended December 31, 2021 Book Value Per Ordinary Share and Adjusted Book Value Per Ordinary Share* of $316.34 and $310.80, respectively, as of December 31, 2021, an inc...
HAMILTON, Bermuda, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced that its subsidiary, Enstar Finance LLC, priced $500 million aggregate principal amount of 5.500% Fixed-Rate Reset Junior Subordinated Notes due 2042 (the ȁ...
HAMILTON, Bermuda, Jan. 10, 2022 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has reached an agreement for a ground-up loss portfolio transfer with Aspen Insurance Holdings Limited for its 2019 and prior business (the ...
HAMILTON, Bermuda, Oct. 06, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has closed a previously announced agreement with Royal & Sun Alliance Insurance Limited (“RSA”), a wholly owned subsidiary of ...
Everspan Insurance Company, a subsidiary of Ambac Financial Group (AMBC +1.0%) has completed the acquisition of Providence Washington Insurance Company from a subsidiary of Enstar Group (ESGR -0.3%) effective October 1, 2021. The acquisition of PWIC will enhance the Everspan Group...
HAMILTON, Bermuda, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed the purchase of the entire 27.7% interest in Enhanzed Reinsurance Ltd. (“Enhanzed Re”) previously held by an affili...
The top five financial gainers for the week are topped by two Argentinean banks, and include a Chinese fintech and two companies that provide products to banks to improve their lending processes. The advance of the two Argentina-based banks came a week after economic data that showed the coun...
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A look at the top 10 most actives in the United States Maxeon Solar Technologies Ltd. (MAXN) rose 35.3% to $0.3248 on volume of 164,333,109 shares SRIVARU Holding Limited (SVMH) rose 62.4% to $0.2581 on volume of 68,213,933 shares NVIDIA Corporation (NVDA) rose 2.9% to $129.43 on volume o...
A look at the top 10 most actives in the United States Ocean Power Technologies Inc. (OPTT) rose 86.1% to $0.514 on volume of 587,366,807 shares NVIDIA Corporation (NVDA) fell 1.3% to $122.67 on volume of 214,038,378 shares Tesla Inc. (TSLA) rose 10.2% to $231.26 on volume of 201,850,947 ...
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