Top Enstar executive quits after half-year tenure for another job

Re/insurer and run-off specialist  Enstar Group's chief financial officer (CFO) has stepped down to pursue new opportunities outside the company. He is leaving just months after joining the company from AmTrust.

Zachary Wolf (pictured) will stay with Enstar during the transition period until the end of September.  He joined Enstar in March this year as a replacement for former CFO Guy Bowker. Prior to that, Wolf served as executive vice president, strategic development at AmTrust Financial Services.

Following his departure, Orla Gregory, Enstar’s current chief operating officer, will serve as acting CFO. Meanwhile, Michael Murphy, Enstar’s current chief accounting officer, will serve as deputy CFO.

Gregory has served as COO since 2016, having previously served as chief integration officer and in executive M&A positions from 2009. She joined Enstar 18 years ago, having previously worked in the insurance industry in Ireland and with Ernst & Young in Bermuda. Gregory is a Fellow of the Association of Chartered Certified Accountants (ACCA).

Murphy joined Enstar in May 2021 as chief accounting officer, most recently serving as interim CFO and chief accounting officer at TriNet Group, and chief accounting officer of QBE North America. Murphy has held several senior finance roles in the insurance industry during his 30-year career.

Dominic Silvester, Enstar’s chief executive officer, thanked Wolf for his contribution, adding that “Orla is a trusted advisor to the Board and is well-positioned to serve as Acting Chief Financial Officer given her strong accounting and finance background in combination with her significant knowledge of our business and experience managing our global operations. She will work closely with Mike Murphy to lead our talented Finance group, and I have great confidence in the collective strength of this team.”

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