Enstar Subsidiary Assigned ‘A’ Financial Strength Rating by S&P Global
Enstar Group Limited - Ordinary Shares (ESGR)
US:NASDAQ Investor Relations:
enstargroup.com/investor-relations
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, March 25, 2024 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that the ratings agency S&P Global Ratings (“S&P”) has assigned an Insurer Financial Strength Rating of ‘A’ with stable outlook to its Bermuda-based, wholly owned subsidiary, Cavello Bay Reinsurance Limited (“Cavello Bay”). Cavello Bay is Enstar’s primary non-life run-off consolidator, and a Class 3B reinsurer. On issuing its rating, S&P highlighted Enstar’s competitive position as a “leader in the global non-life run-off market”, noting that it considers Enstar’s claims management capabilities to be “excellent”, as well as its expectation that Enstar will “continue executing large legacy transactions.” Matthew Kirk, Enstar’s Chief Financial Officer, said: “The S&P Insurer Financial Strength Rating is further confirmation of our strong capital position. The ‘A’ rating for Cavello Bay, our primary Bermuda reinsurer, recognizes the resilience of our business model and will provi
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News
- Enstar Group Limited (NASDAQ: ESGR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Enstar Group Limited (NASDAQ:ESGR) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Enstar Group Ltd Reports Stellar Annual Performance with Net Income Surging to $1.1 Billion [Yahoo! Finance]Yahoo! Finance
- Enstar Group Limited (NASDAQ: ESGR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Enstar Group Full Year 2023 Earnings: EPS: US$72.29 (vs US$52.65 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
ESGR
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- ESGR's page on the SEC website