Enstar and Maiden Agree to New ADC Structure for AmTrust Quota Share Business
Enstar Group Limited - Ordinary Shares (ESGR)
US:NASDAQ Investor Relations:
enstargroup.com/investor-relations
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, March 01, 2019 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that it has signed an agreement with Maiden Holdings, Ltd. (“Maiden”) and Maiden Reinsurance Ltd., a subsidiary of Maiden (“Maiden Re”). Pursuant to the agreement, an Enstar subsidiary will enter into an adverse development cover reinsurance agreement with respect to Maiden Re’s quota share reinsurance contracts with AmTrust Financial Services, Inc. (“AmTrust”) and its subsidiaries, for losses incurred on or prior to December 31, 2018 in excess of a $2.44 billion retention, as such figure may be adjusted based upon Maiden’s final year end reserves for the underlying business, up to a $675 million limit. The premium payable by Maiden Re will be $500 million. Effective immediately upon the signing of the agreement, the parties terminated and released each other from their respective obligations under their previously disclosed agreement related to the Maiden Re quota share agre
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News
- Enstar Subsidiary Assigned ‘A’ Financial Strength Rating by S&P GlobalGlobeNewswire
- 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
ESGR
Sec Filings
- 3/22/24 - Form 4
- 3/22/24 - Form 4
- 3/22/24 - Form 4
- ESGR's page on the SEC website