HAMILTON, Bermuda, Aug. 31, 2011 (GLOBE NEWSWIRE) -- Enstar Group Limited (Nasdaq:ESGR) announced today that Paul Collins will be retiring from Enstar's board of directors effective September 30, 2011. Dominic Silvester, Enstar's Chairman and Chief Executive Officer, said: "Paul has been a significant contributor to Enstar over the past seven years. On behalf of our shareholders, board and management, I would like to thank him for his valuable guidance and wish him well in his future endeavors."
Enstar, a Bermuda company, acquires and manages insurance and reinsurance companies in run-off and portfolios of insurance and reinsurance business in run-off, and provides management, consultancy and other services to the insurance and reinsurance industry.
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This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements regarding the intent, belief or current expectations of Enstar and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Important risk factors regarding Enstar may be found under the heading "Risk Factors" in Enstar's Form 10-K for the year ended December 31, 2010, and are incorporated herein by reference. Furthermore, Enstar undertakes no obligation to update any written or oral forward-looking statements or publicly announce any updates or revisions to any of the forward-looking statements contained herein, to reflect any change in its expectations with regard thereto or any change in events, conditions, circumstances or assumptions underlying such statements, except as required by law.