Enstar
-
The firm announced Q3 results alongside strategic actions that included an ADC deal with Enstar. -
James River also amended the convertible preferred equity held by Gallatin Point and closed its strategic review.
-
The take-private is expected to close by mid-2025.
-
The transactions will de-risk all North America middle-market reserves up to 30 June 2024.
-
Plus the latest people moves and all the top news of the week.
-
The firm escapes public market distractions and long-term undervaluation, but the low mark will hurt peer companies.
-
The ratings agency said Sixth Street provides flexibility through long-dated capital.
-
The company also announced a $5.1bn take private deal with Sixth Street.
-
She will work on preparations for the take-private deal with Sixth Street before departing.
-
The deal values the business just under its closing price on Friday, at 0.97x book value.
-
The executive replaces interim CEO Paul Brockman, who remains group COO.
-
A roundup of all the news you need today, including Enstar EU’s new CEO.
Most Recent
-
Next‘s Best rating upgraded following Munch Re acquisition
04 September 2025 -
Apollo to become latest carrier to launch internal reinsurance syndicate
04 September 2025 -
HW Kaufman hires Ascot’s Pilkington
04 September 2025 -
McGill and Partners hires ex-Oneglobal CEO Reynolds as group CFO
04 September 2025 -
Zurich takes Aviva’s Brown as global construction and engineering head
04 September 2025