On February 21, 2017, the Board of Directors (the “Board”) of Enstar Group Limited (the “Company”) appointed Jie Liu to fill an existing vacancy on the Board with immediate effect. The appointment was recommended to the Board by the Company’s Nominating and Governance Committee, which is comprised entirely of independent directors. Mr. Liu was appointed as a Class I director with a term expiring at the Company’s annual general meeting in 2019. He will be considered for committee appointments in the future.

Mr. Liu, age 38, is a Managing Director of Hillhouse Capital Management, Ltd. (“Hillhouse”) and has been with Hillhouse since 2015. Prior to joining Hillhouse, Mr. Liu was Head of Credit and a Senior Portfolio Manager at Sentry Investments, a leading Canadian asset manager. Mr. Liu also served as a fixed income research analyst at RBC Capital Markets and a credit rating specialist at Standard & Poor’s. Mr. Liu obtained his M.A. in Economics from the University of Toronto and M.Sc. in Finance from the University of New Brunswick. He is also a CFA charterholder.

As a non-employee director, Mr. Liu will be eligible to participate in the Company’s Deferred Compensation and Ordinary Share Plan for Non-Employee Directors, which is described in the Company’s Proxy Statement filed with the U.S. Securities and Exchange Commission on April 29, 2016 (the “Proxy Statement”) under the heading, “Director Compensation – Deferred Compensation Plan.”

Mr. Liu has entered into an indemnification agreement with the Company, which includes the same terms as the indemnification agreements executed with each of the Company’s other current directors. These terms are described in the Proxy Statement under the heading, “Certain Relationships and Related Transactions – Indemnification of Directors and Officers; Director Indemnity Agreements.” As previously announced in the Current Report on Form 8-K filed by the Company on December 16, 2016 (incorporated herein by reference), funds managed by Hillhouse hold shares in the Company and have invested in KaylaRe Holdings Ltd., a non-consolidated equity investment affiliated with the Company.

About Enstar Group Limited (NASDAQ:ESGR)

Enstar Group Limited (Enstar) is a holding company. The Company focuses on acquiring and managing insurance and reinsurance companies in run-off, and the acquisition and management of portfolios of insurance and reinsurance business in run-off. Enstar operates its business through four segments: Non-Life Run-Off, Atrium, StarStone, and Life and Annuities. Non-life Run-off segment comprises the operations of its subsidiaries that are running off their property and casualty and other non-life lines of business, including the run-off businesses of StarStone and Arden Reinsurance Company Ltd. (Arden). Atrium segment consists of the active underwriting operations and financial results of Northshore Holdings Limited. StarStone segment consists of the active underwriting operations and financial results of StarStone Holdings. The Life and Annuities Segment consists of the operations of the Company’s subsidiaries managing its closed-block of life and annuity business.

Enstar Group Limited (NASDAQ:ESGR) Recent Trading Information

Enstar Group Limited (NASDAQ:ESGR) closed its last trading session down -0.25 at 193.20 with 16,655 shares trading hands.