Enstar Group Limited Announces Appointment of Robert V. Deutsch to the Board of Directors of Enstar Holdings (US) Inc.
Enstar Group Limited
24.02.2012 23:43
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HAMILTON, Bermuda, 2012-02-24 23:42 CET (GLOBE NEWSWIRE) --
Enstar Group Limited (Nasdaq:ESGR) announced that Robert V. Deutsch has joined
the board of directors of Enstar's wholly-owned subsidiary, Enstar Holdings
(US) Inc., the ultimate parent company of Enstar's U.S. operations.
Mr. Deutsch, 52, is a partner at GCP Capital Partners LLC, where he focuses on
insurance-related investments. Mr. Deutsch was the founding Chief Executive
Officer of a Bermuda-based specialty insurer, Ironshore Inc., and prior to that
he served for five years as Chief Financial Officer of CNA Financial
Corporation. Between 1987 and 1999 he was CFO and Chief Actuary, as well as
President of the two operating companies, at Executive Risk Inc., a specialist
insurer focusing on professional and management liability business. Last month,
Mr. Deutsch was appointed to the board of Beazley Furlonge Ltd., the Lloyd's
managing agency that forms part of Beazley plc, as a non-executive director.
Enstar Group Limited's Chief Executive Officer, Dominic Silvester, said: 'Bob
brings significant insurance experience and insight to Enstar's
recently-expanded operations in the United States which we believe will be of
enormous value in the future.'
Enstar, a Bermuda company, acquires and manages insurance and reinsurance
companies in run-off and portfolios of insurance and reinsurance business in
run-off, and provides management, consultancy and other services to the
insurance and reinsurance industry.
The Enstar Group Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5734
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. Prospective investors are
cautioned that any such forward-looking statements 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, 2011, 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: Richard J. Harris
Telephone: (441) 292-3645
News Source: NASDAQ OMX
24.02.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Enstar Group Limited
Bermuda
Phone:
Fax:
E-mail:
Internet:
ISIN: BMG3075P1014
WKN:
End of Announcement DGAP News-Service
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Enstar Group Limited
24.02.2012 23:43
---------------------------------------------------------------------------
HAMILTON, Bermuda, 2012-02-24 23:42 CET (GLOBE NEWSWIRE) --
Enstar Group Limited (Nasdaq:ESGR) announced that Robert V. Deutsch has joined
the board of directors of Enstar's wholly-owned subsidiary, Enstar Holdings
(US) Inc., the ultimate parent company of Enstar's U.S. operations.
Mr. Deutsch, 52, is a partner at GCP Capital Partners LLC, where he focuses on
insurance-related investments. Mr. Deutsch was the founding Chief Executive
Officer of a Bermuda-based specialty insurer, Ironshore Inc., and prior to that
he served for five years as Chief Financial Officer of CNA Financial
Corporation. Between 1987 and 1999 he was CFO and Chief Actuary, as well as
President of the two operating companies, at Executive Risk Inc., a specialist
insurer focusing on professional and management liability business. Last month,
Mr. Deutsch was appointed to the board of Beazley Furlonge Ltd., the Lloyd's
managing agency that forms part of Beazley plc, as a non-executive director.
Enstar Group Limited's Chief Executive Officer, Dominic Silvester, said: 'Bob
brings significant insurance experience and insight to Enstar's
recently-expanded operations in the United States which we believe will be of
enormous value in the future.'
Enstar, a Bermuda company, acquires and manages insurance and reinsurance
companies in run-off and portfolios of insurance and reinsurance business in
run-off, and provides management, consultancy and other services to the
insurance and reinsurance industry.
The Enstar Group Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5734
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. Prospective investors are
cautioned that any such forward-looking statements 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, 2011, 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: Richard J. Harris
Telephone: (441) 292-3645
News Source: NASDAQ OMX
24.02.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Enstar Group Limited
Bermuda
Phone:
Fax:
E-mail:
Internet:
ISIN: BMG3075P1014
WKN:
End of Announcement DGAP News-Service
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