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Slide #2. Enstar Group Limited and Stone Point Capital — Torus Insurance Holdings Limited
Acquirer:
Enstar Group Limited and Stone Point Capital (NASDAQ:ESGR)
Acquiree:
Torus Insurance Holdings Limited
Details:
Enstar Group Limited ("Enstar") (Nasdaq:ESGR) and Stone Point Capital LLC ("Stone Point") announced today that they had completed the previously announced acquisition of Torus Insurance Holdings Limited ("Torus"). Torus is an A- rated global specialty insurer with six wholly owned insurance vehicles, including Lloyd's Syndicate 1301.
Enstar Group is a holding company. Co. is a multi-faceted insurance group that provides capital release solutions and underwriting capabilities through its network of group companies. Co.'s segments are: Non-life Run-off, which comprises the operations of its subsidiaries that are running off their property and casualty and other non-life business; Atrium Underwriting Group Limited, which provides marine, aviation and transit, binding authorities, reinsurance, accident and health, and non-marine direct and facultative lines of business; and StarStone Insurance Bermuda Limited, which provides casualty, marine, property, aerospace, and workers' compensation lines of business.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ESGR Stock Forecast Based on Zacks ABR data; powered by Xignite |