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Balance Sheet Cash Flow Statement Windsor Place, 3rd Fl., 18 Queen St. Hamilton HM 11, Bermuda Tel. 441-292-3645 Fax 441-296-0895 |
Type: Public
On the web:
http://www.enstargroup.com
Employees:
292
Employee growth: 32.1%
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. The group is now buying British Engine Insurance from RSA Insurance for some £28 million (about $45.5 million).
Key numbers for fiscal year ending December, 2008:
Sales: $50.1M
One year growth: (48.0%)
Net income: $46.4M
Income growth: 0.5%
Officers:
Chairman: John J. Oros
CEO and Director: Dominic F. Silvester
EVP and Joint COO: Nicholas A. Packer
Competitors:
Berkshire Hathaway
Leucadia National
Wesco Financial
