Lloyd’s business Atrium poised for auction process
Private equity-owned Lloyd's insurer Atrium is about to set
in train a formal sales process, The Insurance
Insider can reveal.
The news confirms the widespread expectation that after the sale of
Ariel Re, Atrium's private equity backers would look to
liquidate the investment.
The Insurance Insider understands that
Atrium's backers and its new chairman Rick Lutenski held an
event last week with financial advisers as it prepared to award the
mandate for the sale of the business.
Sources suggest that...
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