Enstar Announces CFO Succession Plan
(Thomson Reuters ONE) -
HAMILTON, Bermuda, May 22, 2017 (GLOBE NEWSWIRE) -- Enstar Group Limited
(Nasdaq:ESGR) today announced its succession plan for Chief Financial Officer,
Mark Smith. Smith has served as Enstar's CFO since August 2015 and will step
down on December 31, 2017. He will move into a consulting role for Enstar
beginning January 1, 2018.
Guy Bowker, Chief Accounting Officer and Deputy CFO, will assume the role of
Chief Financial Officer on January 1, 2018. Bowker joined Enstar in September
2015. Previously, he served as Senior Vice President - Controller of Platinum
Underwriters Holdings, Ltd. and as Director of Finance for AIG in Bermuda. He
began his career at Deloitte in its insurance practice.
Dominic Silvester, Chief Executive Officer, said: "Mark has played an essential
role during an important period in Enstar's growth, and I am grateful for his
contributions. When he joined us in 2015, his key objectives were to strengthen
the Group Finance function and to develop a successor, which he has now
accomplished. In Guy Bowker, we have identified a talented professional whose
expertise and dedication make him an excellent successor to Mark. I am confident
that as CFO and a member of the executive leadership team Guy will be able to
make an even more significant contribution to Enstar. Mark and Guy will prepare
for the transition throughout the year, and Mark will continue his work with
Enstar as a senior advisor after January 1, 2018."
About Enstar
Enstar is a multi-faceted insurance group that offers innovative capital release
solutions and specialty underwriting capabilities through its network of group
companies in Bermuda, the United States, the United Kingdom, Continental Europe,
Australia, and other international locations. Enstar is a market leader in
completing legacy acquisitions, having acquired over 75 companies and portfolios
since its formation in 2001, and has over $14 billion in total assets. Enstar's
active underwriting businesses include the StarStone group of companies, an A-
rated global specialty insurance group with multiple global underwriting
platforms, and the Atrium group of companies, which manage and underwrite
specialist insurance and reinsurance business for Lloyd's Syndicate 609. For
further information about Enstar, see www.enstargroup.com.
Cautionary Statement
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. Investors are cautioned that any
such forward-looking statements speak only as of the date they are made, 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 can be found under the heading "Risk Factors" in Enstar's Form 10-K for
the year ended December 31, 2016 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: Mark Smith
Telephone: +1 (441) 292-3645
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Enstar Group Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2017 - 23:25 Uhr
Sprache: Deutsch
News-ID 544183
Anzahl Zeichen: 4405
contact information:
Town:
Hamilton
Kategorie:
Business News
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