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2015-09-14

StarStone Insurance Holdings Limited: Torus Announces Rebranding to StarStone

LONDON, Sept. 14, 2015 (GLOBE NEWSWIRE) -- Torus, the global specialty
insurer, today announces that it is changing its name to StarStone with
immediate effect. The Company is also unveiling its new logo and brand
identity.

The Company's holding company name has changed to StarStone Insurance Holdings
Limited. Its six insurance platforms in the Lloyd's and London markets,
Continental Europe and the United States, as well as its other group
companies, are in the process of being renamed to incorporate the StarStone
brand. This process is expected to be completed in January 2016.

Nick Packer, Chairman and Group CEO at StarStone, said: "Together with our
major shareholders, Enstar Group Limited and Stone Point Capital, we are
excited to announce our rebranding to StarStone. Since our change in
ownership in April 2014, we have made significant progress by strengthening
our management team and reorganising areas of our business. This was
recognised by A.M. Best when reaffirming our A- rating. As part of that
journey the time is right to launch a new brand that signals our
shareholders' continuing commitment and best reflects who we are today.

We are committed to delivering the same high levels of service to our clients
with a new brand that underlines our position within Enstar Group and the
strength of our combined partnership."

As StarStone, the business approach and organisational values of the company
remain unchanged. Its leadership, underwriting and service teams are in place
as the group continues to focus on delivering specialty insurance products to
its global client base.

About StarStone

StarStone Insurance Holdings Limited is an international, A- rated insurance
group with six wholly owned insurance platforms, including Lloyd's Syndicate
1301. StarStone underwrites business across the Property, Specialty and
Casualty risk classes from operations in London, Continental Europe and the
US. StarStone is a trading name of the Torus group of companies. StarStone is
owned by Enstar Group Limited, the Trident V funds managed by Stone Point
Capital LLC and Dowling Capital Partners I, L.P. For further information
about StarStone, seewww.starstone.com.

About Enstar

Enstar Group Limited and its operating subsidiaries acquire and manage
diversified insurance businesses through a network of service companies in
Bermuda, the United States, the United Kingdom, Continental Europe,
Australia, and other international locations. Enstar is a market leader in
completing legacy acquisitions, having acquired over 65 companies and
portfolios since its formation in 2001. Enstar's active underwriting
businesses include the Atrium group of companies, which manage and underwrite
specialist insurance and reinsurance business for Lloyd's Syndicate 609, and
the StarStone group of companies. For further information about Enstar,
seewww.enstargroup.com.

About Stone Point Capital

Stone Point Capital LLC is a financial services-focused private equity firm
based in Greenwich, Connecticut. The firm has raised six private equity funds
- the Trident Funds - with aggregate committed capital of approximately $13
billion. In addition to the capital invested by the Trident Funds, Stone
Point Capital has secured approximately $7 billion of equity co-investments
since 2001. Stone Point Capital targets investments in the global financial
services industry, including investments in companies that provide outsourced
services to financial institutions, banks and depository institutions, asset
management firms, insurance and reinsurance companies, insurance distribution
and other insurance-related businesses, specialty lending and other credit
opportunities, mortgage services companies and employee benefits and
healthcare companies. For further information about Stone Point Capital,
seewww.stonepoint.com.

This press release 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, StarStone and their respective management teams.
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. Important risk factors regarding Enstar may be found
under the heading "Risk Factors" in Enstar's Form 10-K for the year ended
December 31, 2014 and Form 10-Q for the fiscal quarter ended June 30, 2015,
and are incorporated herein by reference. Furthermore, Enstar and StarStone
undertake 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
expectations with regard thereto or any change in events, conditions,
circumstances or assumptions underlying such statements, except as required
by law.

CONTACT: For media enquiries, please contact: UK:

Jenna Kerr
StarStone
Communications and Branding
jkerr@torus.com / jenna.kerr@starstone.com
+44 (0)20 3206 8251

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StarStone Insurance Holdings Limited via Globenewswire

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