In 1993 Castlewood Ltd. was launched in Bermuda. Enstar’s founders had recognised the great potential in the reinsurance sector’s largely ignored run-off space. Through careful application of analysis, and by leveraging their expertise in risk and liabilities, their plan was to support client companies by freeing their capital and managing their discontinued operations.
They realised that scale would be critical to their ability to deliver. Eight years and more than a dozen property/casualty legacy acquisitions later, they formed a joint venture called Castlewood Holdings Ltd. with continuing partners The Enstar Group, Inc. and Trident II LP, an investment fund then managed by Marsh & McLennan. The partnership prospered. In 2007, Castlewood merged with Enstar Group, and took on its name. The merger supported continued growth through greater access to public markets.
Enstar expanded into active underwriting in 2013, through the acquisition of Atrium Underwriting Group Ltd., a top-performing managing agency in the Lloyd’s market. Subsequent acquisitions followed, more than 80 to date.
Enstar continues to move from strength to strength and remains vigilant to opportunities where its innovative capital release solutions can realise value for customers and stakeholders.
In June 2013, Enstar announced its expansion into active underwriting with the signing of definitive agreements to acquire Atrium Underwriting Group Ltd
Assets
December 31, 2018
Liabilities
December 31, 2018
Shareholders' equity
December 31, 2018
Total acquisitive transactions since formation
