Insight and Intelligence on the London & International Insurance Markets

24 January 2018

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National Lloyds sale pulled

Dan Ascher and David Bull 17 February 2017

The proposed sale of Texas-based homeowners' specialist National Lloyds has been scrapped after owner Hilltop Holdings was unable to secure the price it was looking for, The Insurance Insider understands.

In October, this publication revealed that the Dallas-based, New York-listed financial services company had instructed investment bank Sandler O'Neill to handle the sale of the insurance business.

But now it is understood that the process has been halted after Hilltop could not obtain the price or sale terms it was...

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