Enstar Group Limited (NASDAQ (GS): ESGR)
Hamilton, HM 11, Bermuda Phone: 441-292-3645
Fax: 441-296-0895
http://www.enstargroup.com
Overview
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. In a similar deal, it bought British Engine Insurance from RSA Insurance for some £28 million ($45.5 million).
Sample OverviewKey Numbers from Hoover's UK
Key financials for Enstar Group Limited (NASDAQ (GS): ESGR)
| Company Type | Public (NASDAQ (GS): ESGR) |
|---|---|
| Fiscal Year-End | December |
| 2009 Sales (mil.) | £63.9 |
| 1-Year Sales Growth | 103.0% |
| 2009 Net Income (mil.) | £111.1 |
| 1-Year Net Income Growth | 281.9% |
| 2009 Employees | 287 |
| 1-Year Employee Growth | (1.7%) |
Key People from Hoover's UK
Key people and executives for Enstar Group Limited (NASDAQ (GS): ESGR)
| Chairman | John J. Oros (Subscribers see complete biographies -- view sample)
|
|---|---|
| CEO and Director | Dominic F. Silvester |
| EVP and Joint COO | Nicholas A. Packer |
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