O’Shea to retire from Enstar in 2023
Enstar has announced that Paul O’Shea, president of Enstar Group, will retire in March 2023 after 28 years serving the company and its predecessor Castlewood.
O’Shea will remain as a member of the board of directors of Enstar. David Ni, who joined Enstar in 2019 as executive vice president, mergers & acquisitions (M&A) and was appointed chief strategy officer in May 2022, will lead the company’s M&A activity going forward.
Dominic Silvester, Enstar’s chief executive, said: “One of the best decisions in my career was asking Paul to join me at Castlewood back in 1994. We have worked together through the many challenges of growing Enstar, from a niche start-up into the leading global run-off specialist it is today. Paul’s ability to focus on delivering solutions together with his skill and dedication has been an essential part of successfully completing 113 run-off deals and acquiring more than $42 billion in insurance and reinsurance assets since formation. At the same time, Paul has helped to build a strong leadership team to ensure Enstar can continue to deliver successful outcomes from our future pipeline of opportunities.
“On behalf of myself, the Board of Directors, and our 830-plus employees, I thank Paul for his dedication and support. We are delighted that he will remain with us as a director and wish him much happiness in his well-deserved retirement.”
Paul O’Shea, added: “Enstar’s success over the past 28 years is a result of the hard work and commitment of so many, too many to acknowledge here. However, I thank Dominic for inviting me to join his team back in 1994 and for all his guidance and support over the years. Enstar is a very special company, and it’s been a privilege to work with such exceptional talent as we developed beyond what any of us could have imagined. The corporate ethos and dedication of each employee will continue to generate success into the future. I look forward to continuing my association with Enstar as a director.”
In addition, Enstar announced that acting chief financial officer (CFO) and chief operating officer Orla Gregory has transitioned full-time to the CFO role. She will continue to work closely with deputy CFO and chief accounting officer Mike Murphy and group treasurer Matt Kirk. Gregory’s responsibilities as chief operating officer will be divided between chief claims officer Paul Brockman and chief of business operations Laurence Plumb.
