Enstar Group - M&A Summary and Business Overview

InsuranceCompany

Enstar Group M&A Summary

Enstar Group has acquired 16 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

Enstar Group’s largest acquisition to date was in 2013, when it acquired Torus Insurance Holdings for $692M. It’s largest disclosed sale occurred in 2017, when it sold Pavonia Holdings to Global Bankers Insurance Group for $120M. Enstar Group has acquired in 6 different US states, and 4 countries. The Company’s most targeted sectors include insurance (87%) and automotive (14%).

Enstar Group Business Overview

Where is Enstar Group headquartered?

Enstar Group is headquartered in Hamilton, Bermuda.

What is Enstar Group’s revenue?

Enstar Group disclosed revenue of 864M USD for 2021 and 2,543M USD for 2020.

How many employees does Enstar Group have?

Enstar Group has 792 employees.

What sector is Enstar Group in?

Enstar Group is an insurance company.

When was Enstar Group founded?

Enstar Group was founded in 1993.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity15
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 17
  • M&A Advisors 2

Enstar Group

Enstar Group Ltd.

Windsor Place 3rd Floor 22 Queen Street,
Hamilton, HM JX
Bermuda,
441 292 3645
www.enstargroup.com

Enstar Group is a insurance run-off services company that specializes in acquiring and managing reserves associated with discontinued books of property & casualty insurance and reinsurance business on a global basis. Enstar Group was incorporated in 2001 and is based in Hamilton, Bermuda.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 15 - - - - - 15
vol $1.8B $1.8B
Sell (0.4/yr) # 1 1 1 - - - 3
vol $120M $120M
  18

Most Recent M&A

Company Date Value Type
Pavonia Life Insurance Company of New York 2021-02-16 - Divestiture
New York, New York
Core Specialty Insurance Holdings, Inc. 2020-06-10 - Divestiture
Cincinnati, Ohio · www.corespecialty.com
BorgWarner Morse TEC LLC 2019-10-30 - Divestiture
Ithaca, New York · www.borgwarnermorsetec.com
Maiden Reinsurance North America, Inc. 2018-08-31 - Divestiture
Laurel, New Jersey
KaylaRe Ltd. 2018-02-05 - Add-on Acquisition
Hamilton, Bermuda
Pavonia Holdings (US), Inc. 2017-02-17 120M USD Divestiture
St. Petersburg, Florida
Dana Companies LLC 2016-12-30 92M USD Divestiture
Perrysburg, Ohio
Alpha Insurance S.A. 2015-11-13 45M EUR Divestiture
Brussels, Belgium · www.alpha-insurance.be
Companion Property & Casualty Insurance Co., Inc. 2015-01-27 218M USD Divestiture
Columbia, South Carolina · www.companiongroup.com
Arden Reinsurance Co. Ltd. 2013-09-09 80M USD Divestiture
Hamilton, Bermuda
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Alpha Insurance S.A. 2015-11-13 Alpha Insurance S.A. - Life & Credit Life Business 2018-11-08 1
Brussels, Belgium · www.alpha-insurance.be Brussels, Belgium

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 13 (87%) 1.7B (95%) 3 (100%) 120M (100%)
Automotive 2 (13%) 92M (5%) - -
Total 15 $1.8B 3 $120M

By Geo

State/Country Buy Value Sell Value
United States 9 767M 3 120M
  New Jersey 3 - - -
  New York 2 200M 1 -
  Florida 1 6M 1 120M
  Ohio 1 92M 1 -
  Washington 1 252M - -
  South Carolina 1 218M - -
Bermuda 3 772M - -
United Kingdom 2 226M - -
Belgium 1 45M - -
Domestic 3 (20%) 772M (43%) - -
Cross-border 12 (80%) 1.0B (57%) 3 (100%) 120M (100%)
Total 15 $1.8B 3 $120M

Top M&A Advisors

Financial Deals
Evercore Group
1
Legal Deals
Drinker Biddle & Reath LLP
1

Deal Values

buy # Total
$100M to $1B 5 $1.5B
< $100M 5 $265M
TOTAL $1.8B
Largest Torus Insurance Holdings Ltd.
$692M (2013-07-09)
sell # Total
$100M to $1B 1 $120M
TOTAL $120M
Largest Pavonia Holdings (US), Inc.
$120M (2017-02-17)

M&A Connections

Deals
Acquired from
Investor(s)
13%
2 (13%)
Strategic(s)
60%
9 (60%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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Insurance Companies , Bermuda Companies