Insight and Intelligence on the London & International Insurance Markets

1 April 2015

Search archive

Lloyd’s insurer Ark in advanced MBO talks

6 August 2013

Aquiline Holdings, the majority owner of Ark Syndicate Management, has reached a provisional agreement to sell the Lloyd's managing agency to Ian Beaton and other senior executives, The Insurance Insider can reveal.

Under the dividend recapitalisation and earn-out deal, the executive team - which also includes director of underwriting David Foreman and CUO Nick Bonnar - would take on senior bank debt and hybrid debt and buy out the managing agency's equity over approximately three years.

Aquiline and the other...

If you are a non-subscriber but would like to be able to view this article, then please email Annie Lightholder on

This article was published as part of issue August 2013/1

Insider Publishing Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2015. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.