Company acquires Companion Property and Casualty Insurance Company, announces expansion of existing Richland County operations
COLUMBIA, S.C. – Enstar Group Limited (NASDAQ: ESGR), a company that specializes in the acquisition and management of diversified insurance businesses, through its U.S. subsidiary, has acquired Companion Property and Casualty Insurance Company and renamed it Sussex Insurance Company. Enstar US is investing $500,000 in the Richland County operations, allowing the Sussex business to retain all existing 120 positions, as well as creating more than 60 new jobs over the next nine months.
A market leader in completing legacy acquisitions, Enstar has acquired more than 65 companies and portfolios since its formation in 2001. Headquartered in Hamilton, Bermuda, the publicly traded company and its subsidiaries employ more than 1,300 workers around the world.
To expand its newly-acquired Richland County Operations – Sussex Insurance Company – Enstar US is relocating to a 36,000-square-foot facility, which is located at 221 Dawson Road. The new facility will allow Enstar US to retain all existing 120 positions at Sussex, while also adding more than 60 new jobs. Hiring for the new positions is currently underway. Those looking to apply should send a resume to USRecruiting@enstargroup.com.
For more information about Enstar Group Limited, visit www.enstargroup.com.
“The 60 new jobs and the investment Enstar is bringing to Richland County are a testament to our workforce, and we look forward to watching them succeed in South Carolina for many years to come.” –Gov. Nikki Haley
“Today, we celebrate Enstar’s decision to establish operations in Richland County. Bringing 60 new jobs to our state, this announcement is a terrific step forward for the company, its existing workforce and the local community.” –Secretary of Commerce Bobby Hitt
“The insurance industry is an important component of our local economy and today’s announcement is further evidence it is alive and well. We welcome Enstar to our corporate community and look forward to working with them as they continue to grow.” –Richland County Council Chairman Torrey Rush
FIVE FAST FACTS
Enstar (US) Inc., a subsidiary of Enstar Group Limited, is establishing operations in Richland County.
$500,000 investment creating 60 new jobs.
Enstar has acquired more than 65 companies and portfolios since its formation in 2001.
Enstar (US) Inc. is relocating to a 36,000-square-foot facility, which is located at 221 Dawson Road.
Those looking to apply should send a resume to USRecruiting@enstargroup.com.
Enstar Group Limited and its operating subsidiaries acquire and manage diversified insurance businesses through a network of service 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 65 companies and portfolios since its formation in 2001. Enstar's active underwriting businesses include the Atrium group of companies, which manage and underwrite specialist insurance and reinsurance business for Lloyd's Syndicate 609, and the StarStone group of companies, an A- rated global specialty insurance group with multiple global underwriting platforms. For further information about Enstar, seewww.enstargroup.com.