HAMILTON, Bermuda, June 16, 2009 (GLOBE NEWSWIRE) -- Enstar Group Limited
(Nasdaq:ESGR) announced today that on June 15, 2009 it received a letter from
the NASDAQ Listing Qualifications Department indicating that Enstar now
complies with the independent director requirements for continued listing on
NASDAQ. The letter followed Enstar's letter to NASDAQ informing it that
Enstar's shareholders had elected Charles T. Akre, Jr. to the Board of
Directors at the Annual General Meeting held on June 9, 2009. Mr. Akre is an
independent director under the NASDAQ Marketplace Rules and, as a result of his
election, Enstar's Board of Directors now consists of a majority of independent
directors. Enstar regained compliance within the cure period provided by
NASDAQ.
Enstar, a Bermuda company, acquires and manages insurance and reinsurance
companies in run-off and provides management, consultancy and other services to
the insurance and reinsurance industry.
The Enstar Group Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5734
CONTACT: Enstar Group Limited
Richard J. Harris
(441) 292-3645
NASDAQ Issues Compliance Letter to Enstar Group Limited
| Source: Enstar Group Limited