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Conditions are coalescing for an uptick in carrier M&A after many subdued years. -
The Lloyd’s broker specialises in US E&S business.
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The carrier made several attempts to acquire the Ash Bathia-led syndicate.
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Regulators are mulling reforms that could open the door to international independent brokers.
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This publication reported that parties including Sompo and Generali were circling the carrier.
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Sources said that Japanese big-three carrier Sompo and Italian insurance giant Generali are circling.
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The transaction with Enstar covers $234mn of net Accredited reserves.
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The deal had been subject to ongoing examination by regulators and the Treasury.
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The liquidators were confirmed at a hearing in Bermuda yesterday.
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This publication reported yesterday that the two carriers were nearing a deal.
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The disposal is the latest milestone in AIG’s work to reposition itself as a commercial lines insurer.
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The Bermuda courts will assess Onex’s lower, revised offer for the fronting unit.
