HAMILTON, Bermuda, Feb. 27, 2017
(GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (Nasdaq:ESGR)
today announced that it has appointed Jie Liu to its Board of
Directors, effective February 21, 2017.
Mr. Liu is a managing director of
Hillhouse Capital Management, Ltd. ("Hillhouse") and has been with
Hillhouse since 2015. Prior to joining Hillhouse, he was Head
of Credit and a Senior Portfolio Manager for Sentry Investments (a
leading Canadian asset manager) for over 5 years. Mr. Liu has
also served as a fixed income research analyst at RBC Capital
Markets and a credit rating specialist at Standard & Poor's in
his career.
Dominic Silvester, Enstar's Chief
Executive Officer, said, "We have worked alongside Jie in recent
months as Hillhouse became a significant shareholder in Enstar and
a strategic partner in KaylaRe. In addition to his expertise
in investments, he brings a global perspective to our Board and we
are confident he will be a strong contributor to Enstar."
About
Enstar
Enstar is a multi-faceted
insurance group that offers innovative capital release solutions
and specialty underwriting capabilities through its network of
group 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 75 companies and portfolios since its formation in
2001, and has over $12 billion in total assets. Enstar's active
underwriting businesses include the StarStone group of companies,
an A- rated global specialty insurance group with multiple global
underwriting platforms, and the Atrium group of companies, which
manage and underwrite specialist insurance and reinsurance business
for Lloyd's Syndicate 609. For further information about Enstar,
see www.enstargroup.com.
Cautionary
Statement
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 can be found under the
heading "Risk Factors" in Enstar's Form 10-K for the year
ended December 31, 2016 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: +1 (441) 292-3645