<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2022 Workiva--><!--r:d594bd9f-0100-42ae-bbb3-f93e14b2729d,g:70f5cb34-383c-4031-9fc4-81848c7ac162,d:8fc58e3b65c54b9b82d47066ec1812c5--><html xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns="http://www.w3.org/1999/xhtml" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:us-gaap="http://fasb.org/us-gaap/2022" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>esgr-20220818</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV80L2ZyYWc6NzFiYWZkYjBjNDMxNDBiNDllNzVkNDA3ZTBmNGZkNjcvdGFibGU6NjhiMjNmYTY5YmJkNGJmYTgxN2YxMTcwYWViNmU4ZjkvdGFibGVyYW5nZTo2OGIyM2ZhNjliYmQ0YmZhODE3ZjExNzBhZWI2ZThmOV8zLTEtMS0xLTQ3NDgxOQ_028033bb-b6ec-4e60-bb52-16e5a4fbe69f">Enstar Group LTD</ix:nonNumeric><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV80L2ZyYWc6NzFiYWZkYjBjNDMxNDBiNDllNzVkNDA3ZTBmNGZkNjcvdGFibGU6NjhiMjNmYTY5YmJkNGJmYTgxN2YxMTcwYWViNmU4ZjkvdGFibGVyYW5nZTo2OGIyM2ZhNjliYmQ0YmZhODE3ZjExNzBhZWI2ZThmOV80LTEtMS0xLTQ3NDgxOQ_a096cc33-0720-465c-88fb-8a0df7fe2c2d">0001363829</ix:nonNumeric><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:AmendmentFlag" format="ixt:fixed-false" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV80L2ZyYWc6NzFiYWZkYjBjNDMxNDBiNDllNzVkNDA3ZTBmNGZkNjcvdGFibGU6NjhiMjNmYTY5YmJkNGJmYTgxN2YxMTcwYWViNmU4ZjkvdGFibGVyYW5nZTo2OGIyM2ZhNjliYmQ0YmZhODE3ZjExNzBhZWI2ZThmOV81LTEtMS0xLTQ3NDgxOQ_6dcec065-f33b-400a-a222-f55e69b1b440">FALSE</ix:nonNumeric><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV80L2ZyYWc6NzFiYWZkYjBjNDMxNDBiNDllNzVkNDA3ZTBmNGZkNjcvdGFibGU6NjhiMjNmYTY5YmJkNGJmYTgxN2YxMTcwYWViNmU4ZjkvdGFibGVyYW5nZTo2OGIyM2ZhNjliYmQ0YmZhODE3ZjExNzBhZWI2ZThmOV82LTEtMS0xLTQ3NDgxOQ_22e0b8e1-a7cd-446f-aa40-4afac44e42b9">D0</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="esgr-20220818.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001363829</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-18</xbrli:startDate><xbrli:endDate>2022-08-18</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i07ee45a50a3749baa90bd6f2e65b526e_D20220818-20220818"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001363829</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:CommonStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-18</xbrli:startDate><xbrli:endDate>2022-08-18</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="i30d2fd813c8b4d6ca2e22ddd164bfc50_D20220818-20220818"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001363829</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesDPreferredStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-18</xbrli:startDate><xbrli:endDate>2022-08-18</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ib600ac29bac4465da00084afec07b5fb_D20220818-20220818"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001363829</xbrli:identifier><xbrli:segment><xbrldi:explicitMember dimension="us-gaap:StatementClassOfStockAxis">us-gaap:SeriesEPreferredStockMember</xbrldi:explicitMember></xbrli:segment></xbrli:entity><xbrli:period><xbrli:startDate>2022-08-18</xbrli:startDate><xbrli:endDate>2022-08-18</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i8fc58e3b65c54b9b82d47066ec1812c5_1"></div><div style="min-height:36pt;width:100%"><div><span><br/></span></div></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549</span></div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:16pt;font-weight:700;line-height:120%">FORM</span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:18pt;font-weight:700;line-height:120%"> <ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzQ5_8acc963f-ed92-4734-afb3-6c9f9cc037bc">8-K</ix:nonNumeric> </span></div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pursuant to Section&#160;13 or 15(d)</span></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">of the Securities Exchange Act of 1934</span></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Date of report (Date of earliest event reported):&#160;</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8yMjc_6eb7c25e-29aa-4bb0-93d7-91f4e2c3b9b1">August 18, 2022</ix:nonNumeric></span></div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:20pt;font-weight:700;line-height:120%">Enstar Group Limited</span></div><div style="margin-bottom:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(Exact name of registrant as specified in its charter)</span></div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.944%"><tr><td style="width:1.0%"></td><td style="width:32.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.848%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.851%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Bermuda</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6NGQxN2JkNWJjYmJhNDJlNTk5NmM5OThkOTNkMTI1NjMvdGFibGVyYW5nZTo0ZDE3YmQ1YmNiYmE0MmU1OTk2Yzk5OGQ5M2QxMjU2M18wLTItMS0xLTQ3NDgxOQ_1d7b0cc6-52d7-473b-8ee1-ec502daf87f7">001-33289</ix:nonNumeric></span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:100%">N/A</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(State or other jurisdiction</span></div><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">of incorporation)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(Commission</span></div><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">File Number)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(IRS Employer</span></div><div style="margin-bottom:1pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Identification No.)</span></div></td></tr></table></div><div style="padding-left:31.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzUz_4c669725-f52d-4962-abf9-cc3086cbc950">P.O. Box HM 2267</ix:nonNumeric>, <ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityAddressAddressLine2" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzUw_87a0f5c9-3f90-4589-b1ab-b76caa7619d8" continuedAt="i438da2235e8c40fea3e89bd2db02edaa">Windsor Place 3</ix:nonNumeric></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.52pt;font-weight:700;line-height:120%;position:relative;top:-2.97pt;vertical-align:baseline"><ix:continuation id="i438da2235e8c40fea3e89bd2db02edaa" continuedAt="ica429fa07a4d4062aead41c308d6735e">rd</ix:continuation></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:continuation id="ica429fa07a4d4062aead41c308d6735e">&#160;Floor</ix:continuation> </span></div><div style="padding-left:31.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityAddressAddressLine3" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzUx_7576ef97-b63a-4d61-846b-4713736b83df">22 Queen Street</ix:nonNumeric>, <ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzU0_f929570b-19f8-445b-aa13-c32d8f0ccb5a">Hamilton</ix:nonNumeric> <ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzUy_c43b2865-c248-44d6-85a4-1ce87a6283ea">HM JX</ix:nonNumeric> <ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityAddressCountry" format="ixt-sec:countrynameen" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzQ1_0c98fea7-f232-45cc-a600-d8fa17540db0">Bermuda</ix:nonNumeric> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;N/A</span></div><div style="margin-top:3pt;padding-left:31.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:120%">          (Address of principal executive offices) &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;           (Zip Code)</span></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Registrant&#8217;s telephone number, including area code:&#160;(<ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzQ2_262ac51a-2d2c-4648-b0ef-e7bdf1df0999">441</ix:nonNumeric>)&#160;<ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzQ3_cbb26714-2a46-4722-b9a8-7302281c9230">292-3645</ix:nonNumeric></span><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:13.5pt;font-weight:400;line-height:120%">&#160;</span></div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:2pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:3pt"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</span></div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.666%"><tr><td style="width:1.0%"></td><td style="width:2.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:94.894%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6Y2Q4ZGFiODQ1NjVkNGVkY2JiOTc4OWM5NmIwNDVjNzYvdGFibGVyYW5nZTpjZDhkYWI4NDU2NWQ0ZWRjYmI5Nzg5Yzk2YjA0NWM3Nl8wLTAtMS0xLTQ3NDgxOQ_952dc65f-2e1a-4156-86ee-70bec7dd8383">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Written communications pursuant to Rule&#160;425 under the Securities Act (17 CFR 230.425)</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6Y2Q4ZGFiODQ1NjVkNGVkY2JiOTc4OWM5NmIwNDVjNzYvdGFibGVyYW5nZTpjZDhkYWI4NDU2NWQ0ZWRjYmI5Nzg5Yzk2YjA0NWM3Nl8yLTAtMS0xLTQ3NDgxOQ_7b7407ac-5bc9-45e4-9c2b-302cf6637d0c">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Soliciting material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6Y2Q4ZGFiODQ1NjVkNGVkY2JiOTc4OWM5NmIwNDVjNzYvdGFibGVyYW5nZTpjZDhkYWI4NDU2NWQ0ZWRjYmI5Nzg5Yzk2YjA0NWM3Nl80LTAtMS0xLTQ3NDgxOQ_4ff664ce-7084-4bc7-9260-77c6881513df">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6Y2Q4ZGFiODQ1NjVkNGVkY2JiOTc4OWM5NmIwNDVjNzYvdGFibGVyYW5nZTpjZDhkYWI4NDU2NWQ0ZWRjYmI5Nzg5Yzk2YjA0NWM3Nl82LTAtMS0xLTQ3NDgxOQ_e3926061-2bf0-454b-9b18-6e3adb1c7ca6">&#9744;</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Pre-commencement communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td></tr></table></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section&#160;12(b) of the Act:</span></div><div style="margin-bottom:6pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.742%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Title of Each Class</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Trading Symbol(s)</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Name of Each Exchange on Which Registered</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i07ee45a50a3749baa90bd6f2e65b526e_D20220818-20220818" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV8xLTAtMS0xLTQ3NDgxOQ_ca64bb2c-ca93-44b1-b529-9f16166ff4fd">Ordinary shares, par value $1.00 per share</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i07ee45a50a3749baa90bd6f2e65b526e_D20220818-20220818" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV8xLTEtMS0xLTQ3NDgxOQ_ae25da5b-5c77-4011-8595-f263e225564e">ESGR</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i07ee45a50a3749baa90bd6f2e65b526e_D20220818-20220818" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV8xLTItMS0xLTQ3NDgxOQ_652bca07-7eb9-4d17-80ff-e9de5960ad9a">The NASDAQ Stock Market</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">LLC</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i30d2fd813c8b4d6ca2e22ddd164bfc50_D20220818-20220818" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV8yLTAtMS0xLTQ3NDgxOQ_9beaefc6-f06a-4698-855a-50634fd1bbfa">Depositary Shares, Each Representing a 1/1,000th Interest in a 7.00% Fixed-to-Floating Rate</ix:nonNumeric> </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i30d2fd813c8b4d6ca2e22ddd164bfc50_D20220818-20220818" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV8yLTEtMS0xLTQ3NDgxOQ_d1d33e36-9de5-46e6-bb88-05de37cc2549">ESGRP</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i30d2fd813c8b4d6ca2e22ddd164bfc50_D20220818-20220818" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV8yLTItMS0xLTQ3NDgxOQ_0e14b03d-1c03-4f37-a7b7-c093cd02297e">The NASDAQ Stock Market</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">LLC</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Perpetual Non-Cumulative Preferred Share, Series D, Par Value $1.00 Per Share</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib600ac29bac4465da00084afec07b5fb_D20220818-20220818" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV80LTAtMS0xLTQ3NDgxOQ_6ad4be5d-705e-4130-980b-72c54a141f7c">Depositary Shares, Each Representing a 1/1,000th Interest</ix:nonNumeric> </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib600ac29bac4465da00084afec07b5fb_D20220818-20220818" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV80LTEtMS0xLTQ3NDgxOQ_87d55f7c-ef87-478c-a93a-12da3045a4fa">ESGRO</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ib600ac29bac4465da00084afec07b5fb_D20220818-20220818" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGFibGU6ODcxNjQwYmEwMjVkNDk2NTg5Y2Q3MmQyNmRhMDU4YTkvdGFibGVyYW5nZTo4NzE2NDBiYTAyNWQ0OTY1ODljZDcyZDI2ZGEwNThhOV80LTItMS0xLTQ3NDgxOQ_1abb5eda-b546-4f2d-bb15-c994e2f888fb">The NASDAQ Stock Market</ix:nonNumeric></span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">LLC</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">in a 7.00% Perpetual Non-Cumulative Preferred Share, Series E, Par Value $1.00 Per Share</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </span></div><div style="margin-bottom:3pt;padding-left:337.5pt;text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging Growth Company&#160;&#160;&#160;&#160;</span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i486287174b464719b0c5457ef4bf5c2e_D20220818-20220818" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjhmYzU4ZTNiNjVjNTRiOWI4MmQ0NzA2NmVjMTgxMmM1L3NlYzo4ZmM1OGUzYjY1YzU0YjliODJkNDcwNjZlYzE4MTJjNV8xL2ZyYWc6NWE5NWQyMzhkNGIzNGU0NDkxY2MyN2QyMDk3OGU3MDAvdGV4dHJlZ2lvbjo1YTk1ZDIzOGQ0YjM0ZTQ0OTFjYzI3ZDIwOTc4ZTcwMF8xMzQ4_769d7c66-aa1c-4c3c-9154-1570d6e2cf92">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:3pt"><span style="color:#211d1e;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.</span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i8fc58e3b65c54b9b82d47066ec1812c5_7"></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary;margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 8.01. Other Events.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 18, 2022, Cavello Bay Reinsurance Limited (&#8220;Cavello Bay&#8221;), a wholly-owned subsidiary of Enstar Group Limited (&#8220;Enstar&#8221;), entered into a Master Agreement with Allianz SE (&#8220;Allianz&#8221;) and Enhanzed Reinsurance Ltd. (&#8220;Enhanzed Re&#8221;). Cavello Bay currently owns 75.1% of Enhanzed Re and Allianz owns the remaining 24.9%. Pursuant to the Master Agreement, Cavello Bay and Allianz have agreed to a series of transactions that will (a) commute or novate all of the reinsurance contracts written by Enhanzed Re, (b) repay the $70.0 million of subordinated notes issued by Enhanzed Re to an affiliate of Allianz, and (c) distribute Enhanzed Re&#8217;s excess capital to Cavello Bay and Allianz in accordance with their respective equity ownership.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Master Agreement, all of the insurance liabilities ceded to Enhanzed Re by affiliates of Enstar will be commuted or novated to Cavello Bay. All of the insurance liabilities ceded to Enhanzed Re by affiliates of Allianz will be commuted to Allianz or novated to Cavello Bay, except for one reinsurance transaction related to a block of annuity policies written by an affiliate of Allianz (the &#8220;Annuities Portfolio&#8221;). Each commutation and novation will be priced based on the estimated amount of the liabilities being commuted or novated as of June 30, 2022. Pursuant to the Master Agreement, Cavello Bay and Allianz will cooperate in good faith with Enhanzed Re to novate the Annuities Portfolio to a third-party on commercially reasonable terms.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The completion of the transactions contemplated by the Master Agreement is subject to customary closing conditions, including the receipt of certain regulatory approvals. The novation of the contract related to the Annuities Portfolio may occur after the commutation and novation of all of Enhanzed Re&#8217;s other reinsurance contracts, but all of such commutations and novations are expected to occur in the third or fourth quarter of 2022.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Completion of the commutations and novations contemplated by the Master Agreement will eliminate Enstar's direct exposure to catastrophe business and is expected to result in an approximate $62 million increase in Enstar's book value, which represents an increase of approximately $3.57 in book value per share, exclusive of the potential impact of a future novation of the Annuities Portfolio.</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 7.01. Regulation FD Disclosure.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the six months ending June 30, 2022, we reported total recognized and unrecognized investment losses of $1.3 billion, which were driven by continued volatility in the global financial markets. In the month of July 2022, our investment portfolio recognized an estimated unrealized gain of $221 million, or $12.72 per share, which was driven by an improvement in equity and credit markets and a drop in interest rates. These figures exclude the results of Enhanzed Re and certain other investments that are reported on a quarterly lag as disclosed in Note 16 - Subsequent Events to the consolidated financial statements included within our Quarterly Report on Form 10-Q for the period ended June 30, 2022.</span></div><div style="margin-bottom:6pt;text-indent:27pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the strong July month end investment results, market conditions in August continue to improve which has favorably impacted our risk assets. As of the date of this filing, equity markets were up and credit spreads have continued to improve. All in yields remain elevated year-to-date which allows us to invest new premium at attractive levels. Regardless of near-term volatility, we continue to have conviction that our investment portfolio is well positioned to deliver long term value.</span></div><div style="margin-bottom:6pt;margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Cautionary Statement Regarding Forward-Looking Statements</span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">This Current Report on Form 8-K 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. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, 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. In particular, the parties may not be able to complete the proposed transactions due to the failure of the closing conditions being satisfied or for other reasons. In addition, the capital markets remain volatile and there can be no assurance that the quarter to date unrealized investment gains will be maintained through the end of the quarter.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:400;line-height:112%">  </span></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Important risk factors regarding Enstar can be found under the heading "Risk Factors" in Enstar&#8217;s Form 10-K for the year ended December 31, 2021, which 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.</span></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="-sec-extract:summary;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</span></div></div></div><div id="i8fc58e3b65c54b9b82d47066ec1812c5_10"></div><hr style="page-break-after:always"/><div style="min-height:72pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:12pt;text-align:center"><span style="background-color:#ffffff;color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div><span><br/></span></div><div style="margin-bottom:6pt;text-indent:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.008%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.363%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ENSTAR GROUP LIMITED</span></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">August 18, 2022</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:1pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ Orla Gregory</span></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Orla Gregory</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</span></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
[{"type": "8-K", "sequence": "1", "filename": "esgr-20220818.htm", "description": "8-K", "secsgml_size_bytes": 46680}]
{"company-data": {"conformed-name": "Enstar Group LTD", "cik": "0001363829", "assigned-sic": "6331", "irs-number": "999999999", "state-of-incorporation": "D0", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33289", "film-number": "221178178"}, "business-address": {"street1": "P.O. BOX HM 2267, WINDSOR PLACE, 3RD FL.", "street2": "22 QUEEN STREET", "city": "HAMILTON", "state": "D0", "zip": "HM JX", "phone": "441-292-3645"}, "mail-address": {"street1": "P.O. BOX HM 2267, WINDSOR PLACE, 3RD FL.", "street2": "22 QUEEN STREET", "city": "HAMILTON", "state": "D0", "zip": "HM JX"}, "former-company": {"former-conformed-name": "Castlewood Holdings LTD", "date-changed": "20060523"}}
esgr-20220818
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
August 18, 2022
Enstar Group Limited
(Exact name of registrant as specified in its charter)
Bermuda
001-33289
N/A
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
P.O. Box HM 2267
,
Windsor Place 3
rd
Floor
22 Queen Street
,
Hamilton
HM JX
Bermuda
N/A
(Address of principal executive offices)                                    (Zip Code)
Registrant's telephone number, including area code: (
441
)
292-3645
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol(s)
Name of Each Exchange on Which Registered
Ordinary shares, par value $1.00 per share
ESGR
The NASDAQ Stock Market
LLC
Depositary Shares, Each Representing a 1/1,000th Interest in a 7.00% Fixed-to-Floating Rate
ESGRP
The NASDAQ Stock Market
LLC
Perpetual Non-Cumulative Preferred Share, Series D, Par Value $1.00 Per Share
Depositary Shares, Each Representing a 1/1,000th Interest
ESGRO
The NASDAQ Stock Market
LLC
in a 7.00% Perpetual Non-Cumulative Preferred Share, Series E, Par Value $1.00 Per Share
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 8.01. Other Events.
On August 18, 2022, Cavello Bay Reinsurance Limited ("Cavello Bay"), a wholly-owned subsidiary of Enstar Group Limited ("Enstar"), entered into a Master Agreement with Allianz SE ("Allianz") and Enhanzed Reinsurance Ltd. ("Enhanzed Re"). Cavello Bay currently owns 75.1% of Enhanzed Re and Allianz owns the remaining 24.9%. Pursuant to the Master Agreement, Cavello Bay and Allianz have agreed to a series of transactions that will (a) commute or novate all of the reinsurance contracts written by Enhanzed Re, (b) repay the $70.0 million of subordinated notes issued by Enhanzed Re to an affiliate of Allianz, and (c) distribute Enhanzed Re's excess capital to Cavello Bay and Allianz in accordance with their respective equity ownership.
Pursuant to the Master Agreement, all of the insurance liabilities ceded to Enhanzed Re by affiliates of Enstar will be commuted or novated to Cavello Bay. All of the insurance liabilities ceded to Enhanzed Re by affiliates of Allianz will be commuted to Allianz or novated to Cavello Bay, except for one reinsurance transaction related to a block of annuity policies written by an affiliate of Allianz (the "Annuities Portfolio"). Each commutation and novation will be priced based on the estimated amount of the liabilities being commuted or novated as of June 30, 2022. Pursuant to the Master Agreement, Cavello Bay and Allianz will cooperate in good faith with Enhanzed Re to novate the Annuities Portfolio to a third-party on commercially reasonable terms.
The completion of the transactions contemplated by the Master Agreement is subject to customary closing conditions, including the receipt of certain regulatory approvals. The novation of the contract related to the Annuities Portfolio may occur after the commutation and novation of all of Enhanzed Re's other reinsurance contracts, but all of such commutations and novations are expected to occur in the third or fourth quarter of 2022.
Completion of the commutations and novations contemplated by the Master Agreement will eliminate Enstar's direct exposure to catastrophe business and is expected to result in an approximate $62 million increase in Enstar's book value, which represents an increase of approximately $3.57 in book value per share, exclusive of the potential impact of a future novation of the Annuities Portfolio.
Item 7.01. Regulation FD Disclosure.
During the six months ending June 30, 2022, we reported total recognized and unrecognized investment losses of $1.3 billion, which were driven by continued volatility in the global financial markets. In the month of July 2022, our investment portfolio recognized an estimated unrealized gain of $221 million, or $12.72 per share, which was driven by an improvement in equity and credit markets and a drop in interest rates. These figures exclude the results of Enhanzed Re and certain other investments that are reported on a quarterly lag as disclosed in Note 16 - Subsequent Events to the consolidated financial statements included within our Quarterly Report on Form 10-Q for the period ended June 30, 2022.
In addition to the strong July month end investment results, market conditions in August continue to improve which has favorably impacted our risk assets. As of the date of this filing, equity markets were up and credit spreads have continued to improve. All in yields remain elevated year-to-date which allows us to invest new premium at attractive levels. Regardless of near-term volatility, we continue to have conviction that our investment portfolio is well positioned to deliver long term value.
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form 8-K 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. Investors are cautioned that any such forward-looking statements speak only as of the date they are made, 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. In particular, the parties may not be able to complete the proposed transactions due to the failure of the closing conditions being satisfied or for other reasons. In addition, the capital markets remain volatile and there can be no assurance that the quarter to date unrealized investment gains will be maintained through the end of the quarter.
1
Important risk factors regarding Enstar can be found under the heading "Risk Factors" in Enstar's Form 10-K for the year ended December 31, 2021, which 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.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ENSTAR GROUP LIMITED
August 18, 2022
By:
/s/ Orla Gregory
Orla Gregory
Chief Financial Officer