Posts tagged: Lloyd's of London
Wednesday, 5 October 2016, 5:22 pm
Some dealmakers I talk to are rather glum. That's because there has been quite a bit of talk of a post summer slowdown in M&A.
However, one sector that is red hot at the moment is insurance. This week alone there have been several major transactions announced, including Sompo's £5.3 billion takeover of Endurance and NN Group's EURO 2.4 billion bid for Delta Lloyd...
Read more...
Friday, 16 September 2016, 7:11 pm
I note AIG has this afternoon announced it has sold Lloyd's of London underwriter Ascot to the Canada Pension Plan Investment Board for $1.1 billion.
Although the sale price is much higher than I reported today's deal announcement confirms my "scoop" from a few weeks ago was 100pc accurate.
Here is a link to my original story:..
Read more...
Tuesday, 23 August 2016, 8:58 pm
I see the Twitterati on Twitter (there are quite a few words beginning with twit, here) are claiming the mighty Wall Street Journal this afternoon broke the story or landed the "scoop" about AIG selling Ascot, the Lloyd's of London insurer.
Funny that because I'm sure I published a story this morning about how AIG is gearing up to sell Ascot. Here is the link:..
Read more...
Tuesday, 23 August 2016, 7:35 am
That last bastion of old school broking - the Lloyd's of London insurance market - may soon be a fertile environment for dealmakers.
I'm hearing from good industry sources that US insurance giant AIG is gearing up for a potential sale of Ascot. Ascot is a member of the Lloyd's market, where it's not unusual for brokers and underwriters to go out for a long boozy lunch and return to work fours hours later completely inebriated. In fact, in some places it's encouraged...
Read more...