Shareholders are likely to support the sale, and the possibility of a challenger bid seems remote.
The popular BBC motoring programme Top Gear’s special editions see a trio of presenters embark to often inhospitable parts of the globe to complete audacious competitive challenges in budget cars.
The withdrawal of Brit from yacht business at Lloyd’s and increased scrutiny of underperforming lines has heightened pressure on the class.
The Corporation is placing a greater emphasis on sustainable profitability and lower expenses.
The creator of alternative reinsurance securities aims to raise up to $20mn as it expands.
Icat Syndicate 4242 will take on the Beat moniker, while John Cavanagh becomes chairman of the Beat board.
Beat Capital’s acquisition of Syndicate 4242 means the firm could link its MGAs to low-cost capital without too much effort
The period of facsimile start-ups looks to be well and truly over.
The organisation is set to replace the $250mn Ursa Re 2015-1 Class B notes which will expire in September.