November 2013/3

The confidential investor memorandum has been sent out to potential buyers of Lloyd's business Antares and indicative bids have been requested by 6 December, The Insurance Insider has learned.

Years of political hostage taking and stalemate over Solvency II finally came to an end last week.

Five and a half months after its previous cover expired, Venezuelan state-owned hydrocarbon company PDVSA is inching closer to securing new insurance cover with Panama-domiciled Barents Re as the lead, The Insurance Insider can reveal.