Alea says farewell to London listing
Alea, the run-off reinsurer controlled by New York buy-out firm
Fortress, is to de-list from the London Stock Exchange some five
years after it was effectively forced to stop underwriting.
Following a Bermuda board meeting last week, Alea says it expects
the cancellation of trading to take place on 24 December.
Lower costs, a lighter regulatory burden and the remote likelihood
of needing to raise fresh capital were all cited as reasons for the
de-listing.
Alea was formed by Kohlberg...
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