Insight and Intelligence on the London & International Insurance Markets 23 Apr 2018

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Aquiline-Armour deal furthers legacy market evolution

  • Catrin Shi 2 January 2018
  • Aquiline's recent acquisition of Armour rounds off a year in which a number of corporations both inside and outside the legacy market made a bigger bet on run-off for the years ahead.

    As this publication revealed earlier today, private equity house Aquiline has struck a deal to acquire Bermuda-based legacy manager Armour Holdings, with plans to fold the business into a newly capitalised $500mn vehicle operating under the Armour brand.

    Validus, the Bermudian (re)insurer that Aquiline was lead sponsor for,...

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