Above is a link for you to download the 2007 guide to UK companies in run-off, published by Reactions magazine.
______________________________________________________________________
This article appears courtesy of Reactions.
______________________________________________________________________ Three deals within the space of a month removed uncertainty about liabilities that had dogged three European companies for years.
In October 2006 Equitas, the run-off vehicle for the pre-1993 liabilities of Lloyd’s, agreed a deal for Berkshire Hathaway to reinsure all its liabilities and provide $7bn of extra cover. This came hot on the heels of Berkshire also agreeing to buy Swiss reinsurer Converium’s run-off North American operations in a $300m deal, and UK insurer Royal & SunAlliance selling its US run-off operation to Arrowpoint Capital, a company set up by its US management, for a deferred consideration of £158m ($298m).
Thanks for your interest in Euromoney!
To unlock this article:
