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Slide #26. Enstar Group Limited — Atrium Underwriting Group and Arden Reinsurance
Enstar Group Limited (NASDAQ:ESGR)
Atrium Underwriting Group and Arden Reinsurance
Enstar Group Limited (Nasdaq:ESGR) announced today that it has entered into definitive agreements with Arden Holdings Limited under which Enstar will acquire Atrium Underwriting Group Limited and Arden Reinsurance Company Limited. Atrium is an underwriting business at Lloyd's of London, which manages Syndicate 609 and provides approximately one quarter of the syndicate's capital. Atrium 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. Arden Reinsurance is a Bermuda-based reinsurance company that provides reinsurance to Atrium and is currently in the process of running off certain other discontinued businesses.
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)