Enstar Group Limited Announces Closing of Acquisition

Enstar Group Limited ESGR today announced that on December 31, 2010, through a wholly-owned subsidiary, it entered into a 100% reinsurance agreement, administrative services agreement, and related transaction documents with three affiliates of CIGNA Corporation pursuant to which the Enstar subsidiary has reinsured all of the run-off workers compensation and personal accident reinsurance business of those CIGNA affiliates. Enstar also announced today that in a separate transaction it has completed the acquisition of Claremont Liability Insurance Company, a California insurance company in run-off, for approximately $14 million. This transaction was completed on December 31, 2010.