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JC Flowers is the latest Transatlantic Re bidder

12 October 2011

Hedge fund supremo Chris Flowers heads the latest consortium conducting due diligence on Transatlantic Re, The Insurance Insider can reveal.

Flowers' private equity vehicle JC Flowers & Co became the third party to be actively looking at Transatlantic Re's books after signing a confidentiality agreement last week, sources have told this publication.

Flowers is a former Goldman Sachs partner who became a private equity maven specialising in financial services. He is thought to be working with Enstar, the Bermudian-headquartered run-off...

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