HAMILTON, Bermuda, April 1, 2014 (GLOBE NEWSWIRE) -- Enstar Group Limited ("Enstar") (Nasdaq:ESGR) and Stone Point Capital LLC ("Stone Point") announced today that they had completed the previously announced acquisition of Torus Insurance Holdings Limited ("Torus"). Torus is an A- rated global specialty insurer with six wholly owned insurance vehicles, including Lloyd's Syndicate 1301. The purchasing entity is indirectly owned 60% by an Enstar subsidiary and 40% by Trident V, L.P. and its affiliated co-investment funds (the "Trident V funds"), which are managed by Stone Point. Enstar contributed approximately $45.2 million in cash and 1,898,326 of its ordinary voting shares and 714,015 newly created non-voting preferred shares towards the purchase price and related transaction expenses, with the Trident V funds contributing approximately $260.8 million in cash through their equity co-investment.