Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Exin CEO Fairfield fights for Ethniki deal despite lawsuit

  • Catrin Shi 7 February 2018
  • Exin CEO Matt Fairfield has vowed his firm will continue to pursue its planned EUR718mn ($889mn) buy-in to Greek insurer Ethniki, despite a $41mn lawsuit from its former cornerstone backer which has left the future funding of the start-up uncertain.

    Earlier today Calamos Family Partners (CFP) said it was seeking immediate repayment of more than $41mn in principal, plus interest, owed to it by Exin from a series of loan agreements after the start-up allegedly "repeatedly failed to provide requested...

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