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Enstar Completes Previously Announced Transaction with Atrium Syndicate 609

1. Enstar's Syndicate 2008 completed a transaction with Atrium Syndicate 609. 2. Atrium ceded net loss reserves of about $196 million to Enstar. 3. The transaction includes claims handling related to prior insured years. 4. Regulatory approvals were received prior to completion of the deal. 5. Enstar continues to lead in legacy acquisitions with over 120 completed.

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Why Bullish?

The acquisition of $196 million in reserves could enhance Enstar's profitability. Historically, similar acquisitions have boosted stock performance post-announcement.

How important is it?

This transaction is significant for ESGR, enhancing financial metrics and strategic positioning. The acquisition aligns with past performance trends that favor stock valuation increases.

Why Long Term?

The deal's positive impact on financial stability and profit margins will materialize over time, especially through claims management efficiencies.

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March 04, 2025 16:05 ET  | Source: Enstar Group Limited HAMILTON, Bermuda, March 04, 2025 (GLOBE NEWSWIRE) -- Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) announced today its Lloyd’s syndicate (“Syndicate 2008”), managed by Enstar Managing Agency Limited, has completed the previously announced transaction with Atrium Syndicate 609, managed by Atrium Underwriters Limited. Under the terms of the loss portfolio transfer agreement, Atrium Syndicate 609 ceded net loss reserves of approximately $196 million, based on Atrium’s carried reserves as at Q3 2024, to Enstar’s Syndicate 2008. The reinsurance relates to business underwritten in the 2023 and prior years of account, with all claims handling transferring to Syndicate 2008. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About Enstar Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international locations. A market leader in completing legacy acquisitions, Enstar has acquired more than 120 companies and portfolios since its formation in 2001. For further information about Enstar, see www.enstargroup.com. Contact: For Enstar: For Investors: Matthew Kirk (investor.relations@enstargroup.com)For Media: Jenna Kerr (communications@enstargroup.com)

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