(Re)insurance start-up ANV has fought off competition from private equity firm Stone Point Capital to acquire Flagstone's Lloyd's business with backing from Canadian state pension funds, The Insurance Insider can reveal.
Matt Fairfield - the former head of HCC Global - has now entered into exclusive talks with Flagstone, with sources suggesting a share purchase agreement should be signed by the end of the month.
ANV - which has cornerstone backing from one of Canada's largest investment fund managers, Alberta...
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