Enstar Group LTD
Enstar Group Limited is a leading global insurance group headquartered in Hamilton, Bermuda, specializing in acquiring, managing, and running off insurance and reinsurance portfolios. Founded in 1993, Enstar has grown into the world’s largest standalone provider in the run-off space, operating across major insurance hubs, including Bermuda, the US, UK, Continental Europe, and Australia. The firm employs approximately 800 professionals globally and serves insurers, reinsurers, and large corporate clients by delivering customized risk management and capital relief solutions. Enstar’s expertise lies in operational efficiency and maximizing the value of legacy (run-off) insurance businesses through specialized management.
Investment Strategy
Enstar focuses on acquiring and managing portfolios of discontinued (run-off) insurance and reinsurance business, targeting assets that other companies seek to exit or optimize. The firm applies specialized M&A expertise to source and close complex transactions, followed by sophisticated operational management to efficiently resolve outstanding liabilities and maximize value. Investment income forms a significant component of profitability; Enstar manages large investable asset pools with a disciplined, risk-aware approach focused on generating stable returns while maintaining strong capital positions. In addition to liability management, the group offers tailored risk transfer solutions, capital optimization strategies, and claims management to deliver value for clients and shareholders.
Top Holdings
Equity Positions (8)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
J JEPI | JPMorgan Equity Premium Income ETF | 32.19% | $87.5M | 1,539,025 | $54.98 | $56.85 | -$446.3K |
E EIC | Eagle Point Income Company Inc. | 19.21% | $52.2M | 3,819,656 | $14.56 | $13.67 | -$4.1M |
K KKR | KKR & Co. Inc. | 12.88% | $35.0M | 263,129 | $82.85 | $133.03 | +$4.6M |
A ARCC | Ares Capital Corporation | 3.91% | $10.6M | 484,524 | $21.90 | $21.96 | -$96.9K |
O OBDC | Blue Owl Capital Corp | 3.74% | $10.2M | 709,175 | $15.09 | $14.34 | +$60.3K |