The SC Department of Commerce released the following news this week:
Enstar Group Limited, a company that specializes in the acquisition and management of diversified insurance businesses, through its U.S. subsidiary, has acquired Companion Property and Casualty Insurance Company and renamed it Sussex Insurance Company. Enstar US is investing $500,000 in the Richland County operations, allowing the Sussex business to retain all existing 120 positions, as well as creating more than 60 new jobs over the next nine months.
A market leader in completing legacy acquisitions, Enstar has acquired more than 65 companies and portfolios since its formation in 2001. Headquartered in Hamilton, Bermuda, the publicly traded company and its subsidiaries employ more than 1,300 workers around the world.
“The insurance industry is an important component of our local economy and today’s announcement is further evidence it is alive and well,” said Richland County Council Chairman Torrey Rush. “We welcome Enstar to our corporate community and look forward to working with them as they continue to grow.”
To expand its newly-acquired Richland County Operations – Sussex Insurance Company – Enstar US is relocating to a 36,000-square-foot facility, which is located at 221 Dawson Road. The new facility will allow Enstar US to retain all existing 120 positions at Sussex, while also adding more than 60 new jobs. Hiring for the new positions is currently underway.
FIVE FAST FACTS
· Enstar (US) Inc., a subsidiary of Enstar Group Limited, is establishing operations in Richland County.
· $500,000 investment creating 60 new jobs
· Enstar has acquired more than 65 companies and portfolios since its formation in 2001
· Enstar (US) Inc. is relocating to a 36,000-square-foot facility at 221 Dawson Road
· Those looking to apply should send a resume to USRecruiting@enstargroup.com
For further information about Enstar, see www.enstargroup.com.