StarStone contributes to Enstar profit increase
Net income from Enstar's live underwriting platform StarStone
more than trebled in 2015, contributing to a profit increase at its
Bermuda-domiciled parent.
The formerly Torus-branded unit's net earnings before
non-controlling interest increased from $4.3mn in 2014 to $20.8mn
last year.
Although only nine months of the StarStone profits were
consolidated into parent Enstar's financials, they contributed
to group net earnings of $220.4mn - or $11.35 per fully diluted
share - representing a 3 perce
Read more »