Enstar Group Limited
Enstar Group Limited to Acquire Atrium Underwriting Group and Arden Reinsurance
HAMILTON, Bermuda, 2013-06-05 14:45 CEST (GLOBE NEWSWIRE) -- Enstar Group
Limited (Nasdaq:ESGR) announced today that it has entered into definitive
agreements with Arden Holdings Limited under which Enstar will acquire Atrium
Underwriting Group Limited and Arden Reinsurance Company Limited. Atrium is an
underwriting business at Lloyd's of London, which manages Syndicate 609 and
provides approximately one quarter of the syndicate's capital. Atrium
specializes in accident and health, aviation, marine property, non-marine
property, professional liability, property and casualty binding authorities,
reinsurance, upstream energy, war and terrorism insurance, cargo and fine art.
Arden Reinsurance is a Bermuda-based reinsurance company that provides
reinsurance to Atrium and is currently in the process of running off certain
other discontinued businesses.