Enstar Group (ESGR) with a notable insider trade on 9/8 as Director Richard Campbell bought 2000 shares for $447,760 at a price of $223.88 and the first insider purchase in the name since May 2020 when another Director bought 4000 shares at $123.50/share. ESGR shares have pulled back 13% over the past month so the purchase looks timely with shares nearing a retest of a former key breakout level of $210, shares weak since an announcement on 8/10 of the CFO departing. ESGR is a Bermuda-based global insurance company with a core focus of acquiring and managing (re)insurance companies and portfolios of (re)insurance business in run-off. Enstar transactions typically take the form of either acquisitions or portfolio transfers. The global non-life run-off market is sized at $864B with market drivers including Solvency II & Capital Efficiency, Low Interest Rates, Reserve Releases Declining, Major Catastrophe Losses, Brexit, Business Transfer Legislation and Increased Consolidation. ESGR has a strong history with its 10-year cumulative performance of more than +300% comparing to the S&P Insurance Index at +225%. ESGR has a market cap of $4.2B and trades 11.1X Earnings and 0.69X Book with its ROE at 26% in 2020. ESGR sees virtually no analyst coverage.