Enstar Group Limited Announces Appointment of New Director
November 06 2015 - 7:49PM
Enstar Group Limited (“Enstar”) (Nasdaq:ESGR) today announced that
it has appointed independent director Sandra L. Boss to its Board,
effective from November 3, 2015. Ms. Boss will serve as a member of
Enstar’s Compensation and Nominating and Governance Committees.
Ms. Boss has served since September 2014 as an independent
director of the Prudential Regulation Authority, part of the Bank
of England responsible for the prudential regulation and
supervision of around 1,700 banks, building societies, credit
unions, insurers and major investment firms. Prior to this
position, she was a Senior Partner at McKinsey & Company, a
global management consulting firm, from 2005 to 2014, and a Partner
from 2000.
At McKinsey she specialized in Investment Banking and Risk, and
held several senior management positions both in the U.K. and the
U.S. since joining the firm in 1994. She was also a strategic
advisor to a number of public sector institutions and industry
bodies on financial services policy and financial markets
structure.
Dominic Silvester, Enstar's Chief Executive Officer, said,
“Sandy brings extensive experience to our Board drawn from her
distinguished management consulting career and her work with the
PRA. We look forward to the valuable contributions she will make at
Enstar.”
Enstar Group Limited and its operating subsidiaries acquire and
manage diversified insurance businesses through a network of
service companies in Bermuda, the United States, the United
Kingdom, Continental Europe, Australia, and other international
locations. Enstar is a market leader in completing legacy
acquisitions, having acquired over 70 companies and portfolios
since its formation in 2001. Enstar’s active underwriting
businesses include the Atrium group of companies, which manage and
underwrite specialist insurance and reinsurance business for
Lloyd’s Syndicate 609, and the StarStone group of companies, an A-
rated global specialty insurance group with multiple global
underwriting platforms. For further information about Enstar, see
www.enstargroup.com.
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements include statements regarding the intent,
belief or current expectations of Enstar and its management team.
Investors are cautioned that any such forward-looking statements
speak only as of the date they are made, are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those projected in the
forward-looking statements as a result of various factors.
Important risk factors regarding Enstar may be found under the
heading "Risk Factors" in Enstar's Form 10-K for the year ended
December 31, 2014 and Form 10-Q for the quarterly period ended June
30, 2015, and are incorporated herein by reference. Furthermore,
Enstar undertakes no obligation to update any written or oral
forward-looking statements or publicly announce any updates or
revisions to any of the forward-looking statements contained
herein, to reflect any change in its expectations with regard
thereto or any change in events, conditions, circumstances or
assumptions underlying such statements, except as required by
law.
Contact: Mark Smith
Telephone: (441) 292-3645
Enstar (NASDAQ:ESGR)
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