BNET Industries
Market Cap:$1.0B
Last Fiscal Year Sales:$96.2M
- Public
- BM
Dow Jones Description
The Enstar Group, Inc. (the "Company") is a publicly traded company engaged in the operation of several equity affiliates in the financial services industry. Enstar also continues its active search for one or more additional operating businesses which meet its acquisition criteria. See "-- Strategy for Business Acquisitions." Through the operations of its partially owned equity affiliates, Castlewood Holdings Limited ("Castlewood Holdings") and B.H. Acquisition Limited ("B.H. Acquisition"), and their subsidiaries, the Company acquires and manages insurance and reinsurance companies in run-off. The management of these businesses includes claims administration, adjustment and settlement together with the collection of reinsurance recoveries. Castlewood Holdings, a Bermuda-based company, also provides management, consulting and other services to the insurance and reinsurance industry for both fixed and success-based fee arrangements. In general, reinsurance is an arrangement in which the reinsurer agrees to indemnify an insurance or reinsurance company against all or a portion of the risks underwritten by such insurance or reinsurance company under one or more insurance or reinsurance contracts.
Chief Executive Officer
Francis Michael Silvester DominicNumber of Employees 292
Contact Information
Windsor Place 3rd Floor 18 Queen Street
Hamilton 36104
(441) 292 3645
Peer Companies
NAICS Code Miscellaneous Intermediation: 523910
Recent Events
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Enstar Group Limited Announces Completion of Acquisition
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Enstar Group to acquire British Engine Insurance for £28.0M in cash
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ENSTAR GROUP ANNOUNCES PROPOSED ACQUISITION
News & Analysis
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enstar group inc. - All News and Analysis
Zacks Earnings and Margins Strategy highlights: Yucheng Technologies, Sport Supply Group, Enstar Group and Motorcar Parts of America
CHICAGO -- Earnings are the single most important metric for a company. Combine that with a healthy Net Profit Margin and you find a screen that has generated a cumulative return of +623.7% since January 2001. For 2006, this Profit Track has returned 23.4%. For the first month of 2007,...
Travelers to Sell Unionamerica Holdings Limited to Enstar Group Limited
SAINT PAUL, Minn. -- The Travelers Companies, Inc. ("Travelers,") (NYSE: TRV) today announced that its wholly-owned subsidiary St. Paul Fire and Marine Insurance Company has entered into a definitive agreement for the sale of Unionamerica Holdings Limited to Royston Run-Off Limited, a subsidiary of Enstar Group Limited. Unionamerica Holdings includes...
The Enstar Group Inc
* The Enstar Group Inc., Montgomery, Ala., and Castlewood Ltd., Bermuda, intend to acquire River Thames Insurance Co. from Rivers Group Ltd., both of London, as well as Overseas Reinsurance Corp. Ltd., Bermuda, from Sedgwick Group Ltd., London.
Pair Plan To Expand In Global Run-Off Market.(Castlewood Ltd., Enstar Group)(Brief Article)
Castlewood Ltd., a privately-owned Bermuda company with experience in managing and acquiring insurance and reinsurance run-off operations, and the Enstar Group, a Montgomery, Ala.-based investment company, plan to expand their participation in the global run-off market. The companies have announced their intention to acquire...
The Enstar Group Announces Results of the Special Meeting of Shareholders and Purchase by J. Christopher Flowers of 1,158,860 Shares of Enstar Common Stock
MONTGOMERY, Ala.--BUSINESS WIRE--Dec. 21, 1998--The Enstar Group Inc, ("Enstar")(ESGR: OTC) today announced that the shareholders of Enstar approved the purchase by J. Christopher Flowers of 1,158,860 newly issued shares of common stock of Enstar for a purchase price of $15 million at the special meeting of shareholders held on Dec....
The Enstar Group Inc. Announces Investment in B-Line
MONTGOMERY, Ala.--BUSINESS WIRE--Nov. 25, 1998--The Enstar Group Inc. ("Enstar") (OTC:ESGR) today announced that it has made an investment in B-Line LLC ("B-Line"). B-Line is a privately owned company based in Seattle, Washington, that provides services to credit card issuers and other holders of similar receivables. Enstar has invested...
The Enstar Group Inc. Announces Possible Investment in B-Line; $1.1 Million Received from Litigation Proceeds
MONTGOMERY, Ala.--BUSINESS WIRE--Nov. 13, 1998--The Enstar Group Inc. ("Enstar") (ESGR:OTC) today announced that it has executed a term sheet with B-Line LLC ("B-Line") and other parties outlining the terms of a possible investment in B-Line by Enstar and certain other investors. B-Line is a privately owned company based in...
American Savings announces potential Milken recovery
MIAMI--BUSINESS WIRE--Nov. 14, 1994--American Savings of Florida, F.S.B. (NASDAQ/NMS:ASFL) announced today that the Milken Global Settlement Fund Schedule 8 Steering Committee has completed its evaluation of the claims American Savings has been pursuing on behalf of the thrift and its holding company, The Enstar Group, Inc., against Michael Milken and...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Francis Michael Silvester Dominic | Chief Executive Officer |
| Cheryl D. Davis | Cfo, Secretary & Vice President |
| John Harris Richard | Chief Financial Officer |
| Paul J. O'Shea | Joint COO, Executive Vice President |
| Richard J. Harris | CFO |
| James O'Shea Paul | Executive Vice President |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Nimrod T. Frazer | Director, Chairman of the Board and Chief Executive Officer |
| T. Whit Armstrong | Chairman |
| Amy Dunaway | Treasurer and Controller the Board of Directors |
| Dominic F. Silvester | Board of Directors |
| Gregory L. Curl | Board of Directors |
| J. Christopher Flowers | Board of Directors |
| Robert J. Campbell | Board of Directors |
| T. Wayne Davis | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Chief Executive Officer | Current |
| Enstar Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Director, Chairman of the Board and Chief Executive Officer | Current |
| Enstar Group, Inc. | Board of Directors | Former |
Cheryl D. Davis has served as the Chief Financial Officer of Enstar USA, Inc. since January 2007. Ms. Davis was Chief Financial Officer and Secretary of The Enstar Group, Inc. from April 1991 through the Merger in January 2007 and was Vice President of Corporate Taxes of The Enstar Group, Inc. from 1989. Ms. Davis has been employed with The Enstar Group, Inc. since April 1988. Prior to joining The Enstar Group, Inc., Ms. Davis was a Senior Manager with KPMG Peat Marwick.
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Cfo, Secretary & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Chief Financial Officer | Current |
Paul J. O'Shea serves as a Class I director and as Executive Vice-President and Joint Chief Operating Officer of Enstar Group Limited. He served as a director, Executive Vice President and Joint Chief Operating Officer of Castlewood from its formation in 2001 until the merger on January 31, 2007. Mr. O'Shea served as a director and Executive Vice President of Castlewood Limited from 1995 until 2001. In 1994, Mr. O'Shea joined Messrs. Silvester and Packer in their run-off business venture in Bermuda. From 1985 until 1994, he served as the Executive Vice President, Chief Operating Officer and a director of Belvedere Group/Caliban Group. Prior to 1985, Mr. O'Shea was an accounts manager at Mentor Insurance Company Limited and a senior auditor in the Bermuda office of KPMG Peat Marwick.
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Joint COO, Executive Vice President | Current |
| Enstar Group, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Executive Vice President | Current |
| Enstar Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Chairman | Current |
| Enstar Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Treasurer and Controller the Board of Directors | Current |
Dominic F. Silvester serves as a Class III director and as Chief Executive Officer of Enstar Group Limited. He served as a director and the Chief Executive Officer of Castlewood from its formation in 2001 until its merger with The Enstar Group, Inc. on January 31, 2007. In 1993, Mr. Silvester began a business venture in Bermuda to provide run-off services to the insurance and reinsurance industry. In 1995, the business was assumed by Castlewood Limited, for which Mr. Silvester was the Chief Executive Officer. From 1988 until 1993, Mr. Silvester served as the Chief Financial Officer of Anchor Underwriting Managers Limited. Prior to joining Anchor, he was a Vice President at Adams and Porter (Bermuda) Limited and was a senior auditor in the Bermuda office of Deloitte & Touche.
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Board of Directors | Current |
| Enstar Group, Inc. | CEO | Former |
| Organization | Position | Status |
|---|---|---|
| Bank of America Corporation | Chief Risk Officer | Current |
| China Construction Bank | Board of Directors | Current |
| Jefferson Scholars Foundation | Board of Directors | Current |
| Enstar Group, Inc. | Board of Directors | Current |
| Bank of America Corporation | Global Corporate Strategic Development & Planning Executive | Former |
| The Corporate Development Company | Vice Chairman | Former |
| University of Virginia | Master's Degree, Government | Former |
| Southwest Missouri State University | Bachelor's Degree, Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| J.C. Flowers & Co. LLC | Managing Director | Current |
| NIBC N.V. | Vice Chairman, Supervisory Bd | Current |
| Fox-Pitt, Kelton, Inc. | Board of Directors | Current |
| HSH Nordbank AG | Board of Directors | Current |
| NIBC N.V. | Board of Directors | Current |
| Enstar Group, Inc. | Board of Directors | Current |
| Shinsei Bank, Limited | Board of Directors | Current |
| Goldman, Sachs & Co. | Managing Director | Former |
| Goldman, Sachs & Co. | General Partner | Former |
Robert J. Campbell serves as a Class I director of Enstar Group Limited. He has been an investment adviser with the firm Beck, Mack & Oliver, LLC since 1980.
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Enstar Group, Inc. | Board of Directors | Current |
| Momentum Logistics Corp | Chairman of the Board | Former |
Executive News
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BofA-SEC Judge Wants Names
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BofA-SEC Judge Won't Stop Until He Has Names
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The Real Source of BofA's Troubles: Ken Lewis
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Why Was Bank of America Settlement with the SEC Rejected?
| Volume | 32,289 |
| Shares Outstanding | 13.5M |
| Market Cap | 1.0B |
| Year High | 76.63 |
| Year Low | 41.20 |
| Earnings Per Share | 11.13 |
| P/E Ratio | 6.6748 |
| Dividend | 0.00 |
| Yield | 0.00 |
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