Last $154.30 USD
Change Today +0.30 / 0.19%
Volume 2.9K
ESGR On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 10:06 AM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

Windsor Place

3rd Floor

22 Queen Street

Hamilton, HM 11

Bermuda

Phone: 441 292 3645

Fax: 441 296 0895

Enstar Group Limited is engaged in acquiring and managing insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off. The company also provides management, consulting and other services to the insurance and reinsurance industry. The company has acquired approximately 60 insurance and reinsurance companies and portfolios of insurance and reinsurance business and is administering those businesses in run-off. This includes 13 Reinsurance to Close, or ‘RITC’ transactions, with Lloyd’s of London insurance and reinsurance syndicates in run-off, whereby the portfolio of run-off liabilities is transferred from one Lloyd’s syndicate to another. In 2013, the company acquired SeaBright Holdings, Inc. Segments The company has three business segments: Non-Life Run-Off, Life and Annuities, and Active Underwriting. Non-Life Run-Off segment This segment comprises the operations of the company’s subsidiaries that are running off their property and casualty and other non-life lines of business. It also includes its smaller management business, in which the company manages the run-off portfolios of third parties through its service companies. In the primary (or direct) insurance business, the insurer assumes risk of loss from persons or organizations that are directly subject to the given risks. In the reinsurance business, the reinsurer agrees to indemnify an insurance or reinsurance company, referred to as the ceding company, against all or a portion of the insurance risks arising under the policies the ceding company has written or reinsured. When an insurer or reinsurer stops writing new insurance business, either entirely or with respect to a particular line of business, the insurer, reinsurer, or the line of discontinued business is in run-off. Consulting Services: The company provides consultancy services to third parties in the insurance and reinsurance industry primarily through its subsidiaries, the Cranmore companies, Enstar Limited, Enstar (US), Inc., Kinsale Brokers Limited and Shelbourne Syndicate Services Limited. The services the company provides range from full-service incentive-based or fixed fee run-off management to bespoke solutions, such as claims inspection, claims validation, reinsurance asset collection and IT consulting services. Paladin Managed Care Services, Inc. provides medical bill review, utilization review, physician case management and related services in the workers’ compensation area. Life and Annuities segment This segment consists of the operations of its subsidiaries managing its closed-block of life and annuity business. The segment also includes Laguna Life Limited, a small Irish-based closed-life company. The company’s life and annuities companies primarily include credit life and disability insurance, term life insurance, corporate owned life insurance, assumed reinsurance of term and ordinary life and accidental death and dismemberment products, and periodic payment annuities such as structured settlement, lottery, and other immediate annuities. Active Underwriting segment This segment comprises of Atrium Underwriting Group Limited (Atrium) and its subsidiaries and Arden Reinsurance Company Ltd (Arden). This segment would also include substantially all of the activities of Torus Insurance Holdings Limited and its subsidiaries. Atrium and its subsidiaries are an underwriting business at Lloyd’s of London, which manages Syndicate 609 and provides approximately 25% of the syndicate’s underwriting capacity and capital. Syndicate 609 provides insurance and reinsurance on a worldwide basis for a range of industry classes, including the United States, Europe, and the Far East. Atrium specializes in accident and health, aviation, marine property, non-marine property, professional 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 and is in the process of running off certain other discontinued businesses. Torus is a global specialty insurer and holding

Page 12Next Page
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ESGR:US $154.30 USD +0.30

ESGR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for ESGR.
View Industry Companies
 

Industry Analysis

ESGR

Industry Average

Valuation ESGR Industry Range
Price/Earnings 11.3x
Price/Sales 3.8x
Price/Book 1.3x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ENSTAR GROUP LTD, please visit www.enstargroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.