Transatlantic Re enters talks with a third potential bidder
The long-running saga over the future of Transatlantic Re is likely to take yet another unexpected twist this week with news of a further potential bidder set to emerge.
According to sources, the in-play reinsurer has entered into another confidentiality agreement with a private equity-backed consortium that entitles the prospective bidder to look at Transatlantic Re's books.
Despite the failure of the proposed merger with Allied World, Transatlantic Re is currently locked in talks with Morgan Stanley, who is representing...
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