Enstar Group Ltd.

Enstar Group Ltd.

Enstar Group Ltd.

Overview
Date Founded

2001

Headquarters

Windsor Place,22 Queen Street,3rd Floor,Hamilton HM 11

Type of Company

Public

Employees (Worldwide)

1,366

Industries

Insurance Brokerage
Market & Policy Research
Other Business & Consulting Services
Other Insurance Services
Holding Companies

Company Description

Enstar Group Ltd. is a holding company, which engages in the acquisition and management of insurance and reinsurance companies. It also provides management, consulting, and other services to the insurance and reinsurance industry. It operates through the following segments: Non-life Run-off, Atrium, and StarStone. The Non-life Run-off segment operates through its subsidiaries that run off their property and casualty and other non-life lines of business. The Atrium segment consists of the active underwriting operations and financial results of Northshore, a holding company that owns Atrium and its subsidiaries and Arden. The StarStone segment includes the active underwriting operations and financial results of StarStone Holdings, which offers a broad range of property, casualty, and specialty insurance products to both large multi-national and small and middle-market clients. The company was founded by Paul James O'Shea, Nicholas A. Packer and Dominic Francis Michael Silvester in August 2001 and is headquartered in Hamilton, Bermuda.

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Executives & Employees

Co-Founder

Director & Chief Executive Officer

Chief Financial Officer & Principal Accounting Officer

Chief Investment Officer

Chief Operating Officer

Secretary & General Counsel

Chief Executive Officer, Enstar Australia Limited

Group Chief Actuary

Chief Financial Officer, USA

Chief Financial Officer, UK

Board of Directors

Partner at Beck, Mack & Oliver LLC

Co-Founder at Enstar Group Ltd.

Director & Chief Executive Officer at Enstar Group Ltd.

Independent Director of the Prudential Regulation Authority at Bank of England

Senior MD & Global Head of Capital Markets at Canada Pension Plan Investment Board

Senior Principal at Stone Point Capital LLC

Professional at Enstar Group Ltd.

Chief Executive Officer & Executive Director at Asia Capital Reinsurance Group Pte Ltd.

Co-Founder at Clarity Group, Inc.

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Enstar Group Ltd.
Owners & Shareholders
Details Hidden

HCA employs bottom-up analysis and fundamental proprietary research which seeks long-term, risk-adjusted returns through. The firm invests globally with a particular focus on companies or assets having substantial relations with Asia. As part of their bottom-up analysis, they performs both qualitative and quantitative assessments of potential investments with a particular focus on opportunities upon which it can gain insights and discover value in an ever-changing world. HCA generally focuses on publicly-listed (or similarly liquid) investment opportunities across multiple industries, but it may also participate in private (or otherwise less liquid) investment opportunities. The firm invests primarily in reasonably priced companies that provide substantial long-term growth prospects. Although HCA monitors macro-economic factors and market trends, they generally avoid market-timing strategies and focuses primarily on bottom-up opportunities. HCA focuses on understanding fundamental risks, uncovering long-term growth potential, and targeting industries that it understands and can monitor.

Details Hidden

Stone Point Capital invests globally in the financial services sector. They focus on the following industries within the financial services sector: (1) banks and depository institutions (2) outsourcing service providers to financial institutions (3) specialty lending and other credit opportunities (4) mortgage services (5) asset management (6) insurance underwriting (7) insurance distribution and (8) employee benefits and healthcare.Equity investments generally range from $50 million to $400 million, but the firm has the ability to make significantly larger investments. Stone Point Capital typically seeks control or substantial minority positions in their portfolio companies, with board representation and customary shareholder rights.

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Founded in 1997, the Canada Pension Plan Investment Board is a professional investment management organization based in Toronto with additional offices in London and Hong Kong. The firm is also known as the CPP Investment Board. They manage the investments of the Canada Pension Plan (CPP).

Recent Transactions
Details Hidden

Enstar Group Ltd., Enstar Holdings (US) LLC purchase BorgWarner Morse TEC LLC from BorgWarner, Inc.

Details Hidden

Monument Re Ltd. purchases Alpha Insurance S A /Traditional & Crédit Life Business from Enstar Group Ltd.

Details Hidden

Enstar Group Ltd. purchases Maiden Reinsurance North America, Inc. from Maiden Holdings Ltd.

Transaction Advisors
Legal Advisor

Advised onStone Point Capital LLC, Starstone Insurance Holdings Ltd. /Private Group purchase StarStone Insurance Holdings Ltd. from Corsair Capital LLC, First Reserve Management LP

Legal Advisor

Advised onEnstar Group Ltd., Enstar Holdings (US) LLC purchase BorgWarner Morse TEC LLC from BorgWarner, Inc.

Auditor

Advised onEnstar Group Ltd. issued USD Ordinary Shares

Chair, Corporate & Securities Practice Group

Advised onStone Point Capital LLC, Starstone Insurance Holdings Ltd. /Private Group purchase StarStone Insurance Holdings Ltd. from Corsair Capital LLC, First Reserve Management LP

Associate

Advised onStone Point Capital LLC, Starstone Insurance Holdings Ltd. /Private Group purchase StarStone Insurance Holdings Ltd. from Corsair Capital LLC, First Reserve Management LP

Legal Advisor

Advised onStone Point Capital LLC, Starstone Insurance Holdings Ltd. /Private Group purchase StarStone Insurance Holdings Ltd. from Corsair Capital LLC, First Reserve Management LP

Advisors & Consultants
Senior Advisor

Former Chief Financial Officer at Enstar Group Ltd.

Clients

Voya Financial, Inc. is a retirement, investment, and insurance company, which engages in the provision of financial services. It operates through the following segments: Retirement, Investment Management, Employee Benefits and Individual Life. The Retirement segment offers tax-deferred, employer-sponsored retirement savings plans and administrative services. The Investment Management segment includes domestic and international fixed income, equity, multi-asset and alternative investment products and solutions. The Employee Benefits segment is comprised of stop loss, group life, voluntary employee-paid, and disability products to mid-sized and large businesses. The Individual Life segment provides universal and variable life insurance products. The company was founded on April 7, 1999 and is headquartered in New York, NY.

Markel Corporation (MKL-NYSE) is a diverse financial holding company serving a variety of niche markets. Our principal business markets and underwrites specialty insurance products. In each of our businesses, we seek to provide quality products and excellent customer service so that we can be a market leader. Our financial goals are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. To reach our financial and operational goals, we must have extensive knowledge and expertise in our chosen markets. By focusing on the distinctive risk characteristics of our insureds, we have been able to identify a variety of niche markets where we can add value with our specialty product offerings. Examples of niche markets that we have targeted include: wind and earthquake exposed commercial properties, liability coverage for highly specialized professionals, horse mortality and other horse related risks, personal watercrafts, high-valued motorcycles, aviation and energy related activities. Our market strategy in each of these areas of specialization is tailored to the unique nature of the risk, coverage and services required by insureds. In each of our niche markets, we assign teams of experienced underwriters and claims specialists who can provide a full range of insurance services. By focusing on market niches where we have underwriting expertise, we seek to earn consistent underwriting profits. Underwriting profits are a key component of our strategy. We believe that the ability to achieve consistent underwriting profits demonstrates knowledge and expertise, commitment to superior customer service and the ability to manage insurance risk.

Kingstone Cos., Inc. operates as a holding company, which engages in the provision of property and casualty insurance policies to individuals and small businesses through its wholly owned subsidiary, Kingstone Insurance Company. It writes business exclusively through independent retail and wholesale agents and brokers. The company was founded in 1886 and is headquartered in Kingston, NY.

Key Stats and Financials As of 2018
Market Capitalization
$4.32B
Total Enterprise Value
$4.8B
Earnings Per Share
$-7.84
Revenue
$1.03B
Enterprise Value Sales
4.64x
TEVNet Income
-31.96x
Debt TEV
0.18x
Three Year Compounded Annual Growth Rate Of Revenue
0.14%
Five Year Compounded Annual Growth Rate Of Revenue
19.94%
Total Debt
$862M
Total Equity
$4.37B
Net Profit
$-150M
Investments
Details Hidden

Arden Holdings Ltd. operates as an insurance holding company. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

Details Hidden

Atrium Underwriting Group Ltd. provides insurance and reinsurance services. The firm 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. The company is headquartered in London, the United Kingdom.

Details Hidden

StarStone Insurance (Bermuda) Ltd. provides insurance services. It offers property, casualty and specialty insurance products to customers worldwide. The company is headquartered in Hamilton, Bermuda.

Investors
Details Hidden

Stone Point Capital invests globally in the financial services sector. They focus on the following industries within the financial services sector: (1) banks and depository institutions (2) outsourcing service providers to financial institutions (3) specialty lending and other credit opportunities (4) mortgage services (5) asset management (6) insurance underwriting (7) insurance distribution and (8) employee benefits and healthcare.Equity investments generally range from $50 million to $400 million, but the firm has the ability to make significantly larger investments. Stone Point Capital typically seeks control or substantial minority positions in their portfolio companies, with board representation and customary shareholder rights.

Suppliers
Aon Plc Human Resources & Personnel Services | London, England

Aon plc is the leading global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. Through its more than 62,000 colleagues worldwide, Aon delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Industry Leading Global Resources Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was ranked by A.M. Best as the No. 1 global insurance brokerage in 2009, based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary and best captives manager in 2010 by the readers of Business Insurance. Aon recognized many years ago that our clients want products and services built around their unique needs and provided by professionals with deep expertise in their industries and local markets. We saw that globalization demanded two capabilities: gather the best thinking from around the world and then deliver solutions locally. With worldwide distribution, a vast base of intellectual capital, and leading technology, we have built a professional services company to achieve these important goals—all focused on areas increasingly in demand: insurance brokerage, risk management, and human capital consulting

Marsh & McLennan Companies, Inc. Other Business & Consulting Services | New York, New York

Marsh & McLennan Cos., Inc. is a professional services firm, which offers clients advice and solutions in risk, strategy and people. It operates through the following business segments: Risk & Insurance Services, and Consulting. The Risk and Insurance Services segment includes risk management activities, as well as insurance and reinsurance broking and services. The Company conducts business in this segment through Marsh and Guy Carpenter. The Consulting segment includes health, wealth & career services & products, specialized management, economic and brand consulting services. The firm conducts business in this segment through Mercer and Oliver Wyman Group. Marsh & McLennan Cos was founded by Henry W. Marsh and Donald R. McLennan in 1871 and is headquartered in New York, NY.

Willis Towers Watson Plc Human Resources & Personnel Services | London, GL

Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Human Capital and Benefits; Corporate Risk and Broking; Investment, Risk and Reinsurance; and Benefits Delivery and Administration. The Human Capital and Benefits segment provides advice, broking, solutions, and software for employee benefit plans, the human resources organization, and the management teams. The Corporate Risk and Broking segment offers a broad range of risk advice, insurance brokerage, and consulting services to clients ranging from small businesses to multinational corporations. The Investment, Risk and Reinsurance segment applies a sophisticated approach to risk which helps clients free up capital and manage investment complexity. The Benefits Delivery and Administration segment covers medical and ancillary benefit exchange and outsourcing services to active employees and retirees across both the group and individual markets. The company was founded in 1828 and is headquartered in London, United Kingdom.

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