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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