Dominic F. Silvester has been the driving force behind Enstar Group since 2007, steering the company through critical transitions in the insurance sector. He was born on May 1, 1967, and has made significant strides in aligning the company’s performance...
Dominic F. Silvester has been the driving force behind Enstar Group since 2007, steering the company through critical transitions in the insurance sector. He was born on May 1, 1967, and has made significant strides in aligning the company’s performance with shareholder interests. Silvester’s leadership is underscored by a keen focus on financial metrics that matter—like growth in book value and return on equity. In 2019 alone, under his watch, Enstar completed run-off transactions worth approximately $2.8 billion, showcasing his ability to identify and seize significant investment opportunities. His annual compensation reflects this performance-oriented approach, with a total of over $5.9 million in 2016, part of which was driven by a hefty performance bonus. Silvester has adapted to changing incentive structures, moving toward an at-risk compensation model heavily tied to company outcomes, showing flexibility in his strategic thinking. His recent employment agreement also solidifies a long-term commitment to the company, with a robust severance arrangement that provides significant security in case of unexpected changes. Silvester’s insights into market dynamics, regulatory frameworks, and operational challenge management continue to steer Enstar towards a sustainable future, making him a noteworthy leader in the field of insurance.