Bermuda-based Enstar Group, which specialises in acquiring and managing insurance and reinsurance companies in run-off, has completed its acquisition of Seabright Holdings.
Enstar has acquired Seabright for $252 million, or $11.1 per share in cash. Seabright’s reported total assets amount to $1.1 billion, with liabilities of approximately $745 million.
Seabright’s specialism is workers compensation insurance, but it also owns subsidiaries providing managed medical care services and wholesale brokerage.
12 April 2024 Fidelis chief of staff and former broker Hannah Greenwood willingness to seek out new opportunities has helped her progress through the industry.