Enstar Group Limited Announces Appointment of Two Directors
October 02 2015 - 4:15PM
Enstar Group Limited ("Enstar") (Nasdaq:ESGR) announced the
appointment of two new independent directors, Poul A. Winslow and
Hans-Peter Gerhardt.
Mr. Winslow has been the Head of Thematic Investments and
External Portfolio Management of Canada Pension Plan Investment
Board ("CPPIB") since 2009. Prior to joining CPPIB, Mr. Winslow had
several senior management and investment roles at Nordea Investment
Management in Denmark, Sweden and the USA. He also served as
the Chief Investment Officer for Andra AP-Fonden (AP2) in Sweden.
He will serve as a member of Enstar's Investment and Compensation
Committees.
Mr. Gerhardt has served continuously in the reinsurance industry
since 1981. He is a co-founder and former Chief Executive
Officer of PARIS RE Holdings Limited, holding that position from
the company's formation in 2006 through its sale to PartnerRe Ltd.
in December 2009. He was the Chief Executive Officer of AXA Re
(the predecessor to PARIS RE) from 2003 to 2006, also serving as
Chairman of AXA Liabilities Managers, a run-off operation, during
that time. He will serve as the Chairman of Enstar's
Underwriting and Risk Committee.
Dominic Silvester, Enstar's Chief Executive Officer, said,
"Throughout 2015, we have continued to bolster the depth of our
Board of Directors by adding new members with diverse yet
complementary skills and qualifications. Poul and Peter are
strong additions to Enstar and I'm confident they will make
significant contributions right away."
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 65 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 fiscal quarter 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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