Omega, which is already in talks with private Canopius, a new tip with a list of potential insurers active in mergers and acquisitions, according to Eamonn Flanagan, on the banks of the capital.
Novae among several parties have expressed interest in Chaucer. Mr. William flew Flanagan describes the attractions of insurers as having a "stay at Lloyd's, access to international licensing of intellectual capital and surplus lines, including the ability to syndicate a better risk."
Analysts have long believed that the Lloyd's sector ripe for consolidation. Increased efficiency has sharpened the ability of insurers' underwriting to generate cash, but analysts expect that their apparent complexity often means that their shares are undervalued.
But one insurance executive said that the merger would probably not be fast. "This is a cause of the people and the prices we've seen so far are based on the specific circumstances of the company. I do not think it necessarily means not everything," he said.
The complexity of the insurance fund accounting tough review books are needed, which makes hostile takeovers virtually impossible. The agreement also takes time.which said again Monday that he remained in talks with several parties.
Bob William flew Stuchbery, Chief Executive of Chaucer, said absorption Hanover presented a good deal for shareholders and employees. "It's an attractive proposition. The agreement, which is about growth. Hanover has a clearly articulated strategy of growth outside the U.S.."
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