Enstar Completes the Reinsurance of $690 Million of Continental Casualty Firm’s Legacy Extra Staff’ Compensation Enterprise Nasdaq:ESGR

HAMILTON, Bermuda, February 5, 2021 (GLOBE NEWSWIRE) – Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has entered into a transaction with Continental Casualty Company (“CNA”) to reinsure an existing portfolio of excess employee compensation business.

As part of the transaction, CNA assigned net insurance reserves to an Enstar subsidiary for approximately $ 690 million, excluding roll-forward adjustments related to the 2007 and prior year business.

The transaction was closed upon receipt of regulatory approvals and the satisfaction of various other closing conditions.

About Enstar
Enstar is a leading global insurance company listed on NASDAQ, offering innovative capital unlocking solutions through its network of group companies in Bermuda, the US, UK, continental Europe, Australia and other international locations. Enstar is the market leader in executing legacy acquisitions and has acquired over 100 companies and portfolios since its inception in 2001. You can find more information about Enstar at www.enstargroup.com.