The eagerly awaited run-off auction of Zurich Insurance
Company's UK run-off subsidiary Eagle Star has finally begun.
According to well-placed sources, around a dozen of the run-off sector's heavyweight buyers have been approached with an initial tender document for the KPMG-run auction.
Possible bidders are thought to include Bermudian duo Enstar and Catalina. The pair have consistently demonstrated that they have the firepower and appetite for chunk deal-making in the legacy acquisition market (see table).
Yet there is some speculation...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.