Latest news with #Enstar
Yahoo
05-05-2025
- Business
- Yahoo
Enstar Group Limited Announces Quarterly Preference Share Dividends
HAMILTON, Bermuda, May 05, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited ('Enstar') (Nasdaq: ESGR) today announced that it will pay cash dividends on its Series D and Series E preference shares. Dividends on Enstar's Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series D Preference Share) will be payable on June 2, 2025 to shareholders of record on May 15, 2025. Dividends on Enstar's Series E 7.00% Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share (each of which represents a 1/1,000th interest in a Series E Preference Share) will be payable on June 2, 2025 to shareholders of record on May 15, 2025. About Enstar Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Australia, Lichtenstein and Belgium. A market leader in completing legacy acquisitions, Enstar has acquired over 120 companies and portfolios since its formation in 2001. For further information about Enstar, see Cautionary Statement This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Important risk factors regarding Enstar can be found under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2024 and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law. Contact: Enstar CommunicationsTelephone: +1 (441) 292-3645
Yahoo
24-04-2025
- Business
- Yahoo
AXIS Completes Previously Announced Transaction With Enstar
PEMBROKE, Bermuda, April 24, 2025 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ('AXIS Capital' or 'AXIS' or the 'Company') (NYSE: AXS) and Enstar Group Limited ('Enstar') (Nasdaq: ESGR) announced today that they have completed a loss portfolio transfer ('LPT') transaction, covering reinsurance segment reserves predominantly attributable to casualty portfolios related to 2021 and prior underwriting years. The LPT reinsurance agreement covers reinsurance segment reserves totalling $3.1 billion at September 30, 2024, and is structured as a 75% ground-up quota share, with AXIS retroceding $2.3 billion of reinsurance segment reserves to Enstar. The LPT reinsurance agreement was provided by Enstar's wholly owned subsidiary, Cavello Bay Reinsurance Limited, which has S&P and AM Best 'A' financial strength ratings. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About AXIS CapitalAXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.1 billion at September 30, 2024, and locations in Bermuda, the United States, Europe, Singapore, and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at About Enstar Enstar is a NASDAQ-listed global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Australia, Lichtenstein and Belgium. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see AXIS Contacts: Enstar Contacts: For Investors: For Investors: Cliff Gallant Matthew Kirk +1 (415) 262-6843 +1 (201) 743-7734 investorrelations@ For Media: For Media: Nichola Liboro Jenna Kerr +1 (917) 705-4579 +44 (0) 771-4487-187 communications@ Sign in to access your portfolio
Business Wire
24-04-2025
- Business
- Business Wire
AXIS Completes Previously Announced Transaction With Enstar
PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited ('AXIS Capital' or 'AXIS' or the 'Company') (NYSE: AXS) and Enstar Group Limited ('Enstar') (Nasdaq: ESGR) announced today that they have completed a loss portfolio transfer ('LPT') transaction, covering reinsurance segment reserves predominantly attributable to casualty portfolios related to 2021 and prior underwriting years. The LPT reinsurance agreement covers reinsurance segment reserves totalling $3.1 billion at September 30, 2024, and is structured as a 75% ground-up quota share, with AXIS retroceding $2.3 billion of reinsurance segment reserves to Enstar. The LPT reinsurance agreement was provided by Enstar's wholly owned subsidiary, Cavello Bay Reinsurance Limited, which has S&P and AM Best 'A' financial strength ratings. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About AXIS Capital AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.1 billion at September 30, 2024, and locations in Bermuda, the United States, Europe, Singapore, and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at About Enstar Enstar is a NASDAQ-listed global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Australia, Lichtenstein and Belgium. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see
Yahoo
30-03-2025
- Business
- Yahoo
Is Enstar Group (ESGR) The Most Expensive Stock Insiders Are Dumping In March?
We recently published a list of . In this article, we are going to take a look at where Enstar Group Limited (NASDAQ:ESGR) stands against other most expensive stocks insiders are dumping in March. After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more 'lenient than reciprocal,' suggesting a more relaxed approach, reports CNBC. As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company's future. However, insider selling doesn't necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company's financial health, market trends, and industry changes. What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey's insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the average price per share of these sales and the stock's market capitalization. An aerial view of a metropolitan skyline with the offices of the insurance company in the center. Market Capitalization: $4.95 billion Enstar Group Limited (NASDAQ:ESGR) is a global insurance group that provides innovative insurance solutions through its network of companies in major insurance hubs like Bermuda, the US, London, Europe, and Australia. The Hamilton, Bermuda-based company focuses on improving net book value per share by acquiring and managing insurance and reinsurance companies in run-off. Enstar (NASDAQ:ESGR) was previously known as Castlewood Holdings Limited and changed its name in 2007. In March, three insiders sold around $5.15 million worth of Enstar shares at an average price of $332.02 per share. Currently, the stock trades at $332.33 per share, having risen 3.19% year-to-date and 11.15% over the past 12 months. Analyst coverage for Enstar (NASDAQ:ESGR) stock is currently limited. Overall, ESGR ranks 15th on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of ESGR our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ESGR but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
04-03-2025
- Business
- Yahoo
Enstar Completes Previously Announced Transaction with Atrium Syndicate 609
HAMILTON, Bermuda, March 04, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited ('Enstar') (Nasdaq: ESGR) announced today its Lloyd's syndicate ('Syndicate 2008'), managed by Enstar Managing Agency Limited, has completed the previously announced transaction with Atrium Syndicate 609, managed by Atrium Underwriters Limited. Under the terms of the loss portfolio transfer agreement, Atrium Syndicate 609 ceded net loss reserves of approximately $196 million, based on Atrium's carried reserves as at Q3 2024, to Enstar's Syndicate 2008. The reinsurance relates to business underwritten in the 2023 and prior years of account, with all claims handling transferring to Syndicate 2008. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About Enstar Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see Contact: For Enstar: For Investors: Matthew Kirk ( Media: Jenna Kerr (communications@ in to access your portfolio
