Flagstone-ANV deal to close; no talks on parent sale
ANV's $49mn acquisition of Flagstone's Lloyd's operations has moved a step closer with regulatory approval from the Financial Services Authority.
The deal, which is still awaiting approval from Lloyd's, is expected to complete by 31 August.
However, The Insurance Insider understands that talks between ANV and Flagstone Reinsurance Holdings about the sale of the whole company have not been resumed after the "final" offer from the Matt Fairfield-led company was rejected in June.
In its regulatory announcement on the sale...
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