Enstar Group Limited

A. Cumberland Holdings Ltd.

1) Enstar Australia Holdings Pty Ltd.

a) Enstar Australia Limited

i) Cranmore Adjusters (Australia) PTY Limited

b) AG Australia Holdings Limited

i) Gordian Runoff Limited

c) Shelly Bay Holdings Limited

i) Church Bay Limited

ii) Harrington Sound Limited

I) TGI Australia Limited

B. Enstar Limited

1) Enstar (EU) Holdings Limited

a) Enstar (EU) Limited

b) Cranmore Adjusters Limited

c) Enstar (EU) Finance Limited

2) Cranmore (Bermuda) Limited

a) Cranmore (Asia) Limited

i) Cranmore (Asia) Pte Limited

3) Enstar Brokers Limted

4) Castlewood (Bermuda) Ltd.

5) Bantry Holdings Ltd.

a) Blackrock Holdings Ltd.

i) Kinsale Brokers Limited

6) Enstar Insurance Management Services Ireland Limited

7) Enstar Investment Management Ltd.

C. Kenmare Holdings Ltd.

1) Fitzwilliam Insurance Limited

2) Revir Limited

a) River Thames Insurance Company Limited

b) Overseas Reinsurance Corporation Limited

c) Regis Agencies Limited

3) Hudson Reinsurance Company Limited

a) Chatsworth Limited

i) Global Legacy Acquisition L.P.

4) Harper Holdings SARL

a) Harper Insurance Limited

b) Enstar Holdings (US) Inc.

i) Enstar (US) Inc.

A) Enstar New York, Inc

I) Financial Guaranty Advisers, LLC

ii) Cranmore (US) Inc.

iii) Enstar Investments Inc.

A) Sun Gulf Holdings Inc.

I) Capital Assurance Company Inc.

II) Capital Assurance Services Inc.

III) Constellation Reinsurance Company

B) CLIC Holdings, Inc.

I) Claremont Liability Insurance Company

C) PWAC Holdings, Inc.

I) Providence Washington Insurance Solutions, LLC

II) PW Acquisition Co.

x) Providence Washington Holdings, Inc.

xa) PW Holdings, Inc.

xaa) Providence Washington Insurance Company

xaai) York Insurance Company

xaaii) American Concept Insurance Company

D) Clarendon Holdings, Inc.

I) Clarendon National Insurance Company

x) Clarendon Select Insurance Company

xi) Clarendon America Insurance Company

xii) Harbor Specialty Insurance Company

5) Mercantile Indemnity Company Limited

6) Longmynd Insurance Company Limited

7) Fieldmill Insurance Company Limited

8) Virginia Holdings Ltd.

a) Unione Italiana (U.K.) Reinsurance Company Limited

b) Seaton Insurance Company

c) Cavell Holdings Limited

i) Cavell Insurance Company Limited

9) Courtenay Holdings Ltd.

a) Enstar Acquisitions Limited

i) Goshawk Insurance Holdings Limited

A) Goshawk Holdings (Bermuda) Limited

I) Rosemont Reinsurance Ltd.

B) Goshawk Dedicated Limited

b) Simcoe Holdings Ltd.

i) Electricity Producers Insurance Company (Bermuda) Limited

c) Royston Holdings Limited

i) Royston Run-off Limited

A) Unionamerica Holdings Limited

I) Unionamerica Acquisition Company Limited

x) Unionamerica Insurance Company Limited

xi) SPRE Limited

d) Rombalds Limited

i) Guildhall Insurance Company Limited

10) Comox Holdings Ltd.

a) Bosworth Run-off Limited

11) Sundown Holdings Ltd.

12) Oceania Holdings Ltd.

a) Inter-Ocean Holdings Ltd.

i) Inter-Ocean Re-insurance Company Ltd.

A) Inter-Ocean Reinsurance (Ireland) Ltd.

13) Flatts Limited

a) Marlon Insurance Company Limited

i) Marlon Management Services Limited

ii) The Copenhagen Reinsurance Company Limited

A) The Copenhagen Reinsurance Company (UK) Limited

I) Copenhagen Reinsurance Services Limited

14) Shelbourne Group Limited

a) SGL No.1 Ltd.

b) SGL No.2 Ltd.

c) Shelbourne Syndicate Services Limited

15) Hillcot Re Limited

a) Hillcot Underwriting Management Limited

16) Northshore Holdings Limited

17) Hove Holdings Limited

a) Mongard Ltd.

18) Nordic Run-off Limited

a) Forsakringsaktieboleget Assuransinvest MF

19) Knapton Holdings Limited

a) Knapton Insurance Limited

20) New Castle Reinsurance Company Ltd.

21) Laguna Life Limited

22) Enstar Financing Ltd.

D. Hillcot Holdings Ltd.

1) Brampton Insurance Company Limited

E. Enstar USA Inc.

1) Enstar Financial Services Inc.

2) Enstar Group Operations Inc.

F. B.H. Acquisition Limited

1) Brittany Insurance Company Ltd.

2) Paget Holdings GmbH Limited

a) Compagnie Europeenne d’Assurances Industrielles S.A.