Enstar to acquire a stake in StarStone from Stone Point Capital.

Enstar, a NASDAQ-listed leading global insurance group, agreed to acquire a stake in StarStone, a property and casualty insurance firm, from Stone Point Capital, a financial services-focused private equity firm. In exchange for a stake, Stone Point will receive a portion of Enstar’s indirect interest in Northshore Holdings, the holding company for Atrium, increasing their indirect ownership interest in Atrium from approximately 36% to approximately 80%, with Enstar decreasing from approximately 54% to approximately 11% and retaining one Northshore Holdings board seat. "This transaction deepens our successful relationship with Stone Point, which has been a valued partner of Enstar for two decades. Enstar is ideally placed to capitalize on the increasing flow of large, attractive legacy opportunities, and will remain invested in high-quality live underwriting businesses with proven leadership, such as Atrium and StarStone US, through meaningful minority stakes and alongside trusted equity partners," Dominic Silvester, Enstar CEO.