Enstar said to seek buyer for businesses

  • Listening to bids: Enstar is open to bids for StarStone and Atrium, according to a UK media report

    Listening to bids: Enstar is open to bids for StarStone and Atrium, according to a UK media report


Enstar Group is mulling a sale of its StarStone and Atrium businesses, according to a report in British trade press.

The Bermudian-based run-off specialist and its private-equity investor Stone Point have called in Evercore for advice after receiving takeover offers for the businesses, The Insurance Insider reported.

Both StarStone and Atrium are “live” underwriting operations — that is they seek out and write new business — as opposed to Enstar’s predominant legacy book, which does not.

StarStone was acquired in 2014 for $646 million. Last year, the specialty insurer with a business in the Lloyd’s of London market, wrote $895 million of gross premium. Atrium is a Lloyd’s managing agency.

You must be registered or signed-in to post comment or to vote.

Published Apr 4, 2018 at 8:00 am (Updated Apr 3, 2018 at 7:25 pm)

Enstar said to seek buyer for businesses

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "What do you see as best for the future of Bermuda's energy?"
    • Belco Plan
    • 13%
    • Bermuda Better Energy Plan
    • 68%
    • Other
    • 19%
    • Total Votes: 2308
    • Poll Archive

    Today's Obituaries

    eMoo Posts