Dominic Silvester Biography and Net Worth

Dominic Silvester serves as a director and as the Chief Executive Officer of Enstar Group Limited. Mr. Silvester has served as a director and the Chief Executive Officer since the Company’s formation in 2001. In 1993, Mr. Silvester started a business venture in Bermuda to provide run-off services to the insurance and reinsurance industry. In 1995, the business was assumed by Castlewood Limited, which is now a subsidiary of Enstar Group Limited, and Mr. Silvester served as Chief Executive Officer. From 1988 until 1993, Mr. Silvester served as the Chief Financial Officer of Anchor Underwriting Managers Limited.

Dominic Silvester started his career in 1982 as a trainee at Littlejohn Frazer Chartered Accountants in London, spending four years at the firm and qualifying as a Chartered Accountant in 1986. Mr. Silvester then took up the role of Audit Senior at Deloitte & Touche Bermuda in 1986, working primarily on the audit of Bermuda-domiciled captive insurance companies.

In 1988, Dominic Silvester was appointed Vice President of Finance at Aon Corporation in Hamilton, Bermuda. Mr. Silvester ran all the financial aspects of Aon’s Bermuda-based MGA, called Anchor Underwriting Managers.

After five years at Aon Corporation, Dominic Silvester became CEO of Castlewood Limited, which acquired captive insurance companies that were in run-off. Castlewood Limited was formed to acquire Paumanock Insurance Company from Grumman Corporation. Castlewood Limited secured early transactions during the initial years with Wackenhut Corporation, Smith International, Altel Corporation, Allied Domecq, and Foster Wheeler.

Following a transaction in 2001, when Mr. Silvester brought on JC Flowers & Co and Stone Point Capital as shareholders, many larger transactions followed, including River Thames Insurance Company, Turegum Insurance Company, and Gordian Insurance Company. In 2007, Enstar Group Limited then acquired the Australian closed reinsurance and p/c insurance operations of AMP for $518m, leading to Castlewood Limited merging with Enstar Group Limited on 31 January 2007. The following day, Enstar Group Limited has traded on the NASDAQ with Dominic Silvester serving as a director and as the Chief Executive Officer.

Since 2002, Dominic Silvester has held the role of Director of Saracens Football Club, an English professional rugby union club based in London, England. Mr. Silvester has been on the committee of the Make a Difference Leadership Foundation (MAD) since 2003. The MAD foundation, based in Cape Town, South Africa, identifies, supports, and develops future leaders in the country by offering scholars assistance in the areas of mentorship and personal, academic and leadership development. Mr. Silvester is also a Non-Executive Chairman of Advent Sport & Event Management, a role he has held since 2009.

Dominic Silvester was educated at Blackrock College in Dublin, Ireland, before obtaining a Bachelor of Science honours degree in Accounting and Economics at the University of Hull, England.