HAMILTON, Bermuda, Nov. 06, 2015 (GLOBE NEWSWIRE)
-- 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