Enstar Announces Executive Promotions Following O’Shea Retirement
03 Marzo 2023 - 3:15PM
Enstar Group Limited (NASDAQ: ESGR) announced today several
executive promotions following the retirement of President Paul
O’Shea on March 1, 2023. Mr. O’Shea served the Company for 28
years. Enstar had announced his planned retirement in July 2022 and
has since provided a smooth transition of leadership of the
Company’s M&A activities to Chief Strategy Officer, David Ni.
Mr. O’Shea remains on the Board of Directors as a non-employee
director.
Orla Gregory has been appointed as President.
Ms. Gregory has served as Chief Financial Officer since August
2021, and prior to that as Chief Operating Officer since 2016. She
was appointed to the Board of Directors in February 2022 and has
been with the Company for 20 years.
Paul Brockman has been named Chief Operating
Officer and will also continue in his role as Chief Claims Officer,
which he has held since September 2020. He previously served as
Chief Executive Officer of Enstar US from 2016, and as Enstar US
President and Chief Operating Officer from 2014. He has been with
the Company for over 10 years.
Matthew Kirk has been named Chief Financial
Officer. Mr. Kirk joined Enstar in April 2020 as Group Treasurer,
and has been responsible for treasury, capital management, and
investor relations. He previously served in executive roles at
Sirius International Insurance Group, including Group Treasurer and
President & Managing Director of Sirius Investment
Advisors.
Dominic Silvester, Enstar’s Chief Executive
Officer, said: “The changes announced today demonstrate the depth
of our management team, and we have tremendous confidence in this
group’s ability to step up into larger leadership roles at a
critical time in Enstar’s growth and development. We are well
prepared for the opportunities before us and will continue to
create long-term value for our shareholders.”
Mr. Silvester continued: “I thank Paul for the
significant contributions made across his 28-year career with us
and wish him all the best in his retirement. We look forward to
continuing to work with him as a director.”
Mr. O’Shea said: “I am very proud of the strong
leadership and culture we have built at Enstar. I look forward to
continuing my involvement as a Board member as this team guides
Enstar to execute on future value-added opportunities.”
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 115 companies and portfolios since its formation in 2001.
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 can identify these statements by the fact that they do
not relate strictly to historical or current facts. They use words
such as ‘aim’, ‘ambition’, ‘anticipate’, ‘estimate’, ‘expect’,
‘intend’, ‘will’, ‘project’, ‘plan’, ‘believe’, ‘target’ and other
words and terms of similar meaning in connection with any
discussion of future events or performance. 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, 2022 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: Enstar
CommunicationsTelephone: +1 (441)
292-3645
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