Core Specialty Insurance Services maintains AM Best credit ratings for subsidiaries under Core Specialty Insurance Holdings, Inc. The ratings reflect the company’s financial strength and stability in the insurance sector. This affirmation supports the group’s ability to meet obligations and sustain operations.
Core Specialty partners with Shepherd Specialty Insurance Services to provide excess casualty insurance for commercial construction risks. The arrangement expands coverage options for contractors and developers in the industry. Both firms specialize in niche property and casualty insurance solutions.
Core Specialty Insurance Holdings finalizes the recapitalization of StarStone U.S. Holdings, backed by SkyKnight Capital, Dragoneer Investment Group, and Aquiline Capital Partners. The transaction involves a restructuring led by these investors, with Enstar Group Limited retaining a role in the process.
Enstar Group Limited sells StarStone U.S. Holdings to Core Specialty Insurance Holdings in exchange for cash and a 25% equity stake. The transaction finalizes after securing regulatory approvals and meeting closing conditions. The deal marks a strategic shift for Enstar’s portfolio management.
