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21 May 2012

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Brit dispute doesn’t deter Apollo

4 August 2010

Until recently, Brit Insurance was disputing an E&O claim from Apollo, the New York buy-out firm that has made an indicative offer to acquire the UK insurer.

The dispute provides an intriguing backdrop to the takeover negotiations that culminated in the provisional acceptance of a 1,075p per share offer late last month from Apollo, valuing the UK insurer at around £880mn.

Last month, The Insurance Insider revealed that Brit Insurance was disputing an AIG/Chartis E&O programme for the private equity...

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