checkAd

    DGAP-News  360  0 Kommentare Hannover Rück SE: Hannover Re acquires Lloyd's syndicate





    DGAP-News: Hannover Rück SE / Key word(s): Takeover


    Hannover Rück SE: Hannover Re acquires Lloyd's syndicate


    20.03.2017 / 14:00



    The issuer is solely responsible for the content of this announcement.



    Press Release

    Anzeige 
    Handeln Sie Ihre Einschätzung zu Hannover Rück!
    Long
    235,97€
    Basispreis
    1,92
    Ask
    × 13,24
    Hebel
    Short
    273,12€
    Basispreis
    1,93
    Ask
    × 13,17
    Hebel
    Präsentiert von

    Den Basisprospekt sowie die Endgültigen Bedingungen und die Basisinformationsblätter erhalten Sie bei Klick auf das Disclaimer Dokument. Beachten Sie auch die weiteren Hinweise zu dieser Werbung.



    Hannover Re acquires Lloyd's syndicate


    Hannover, 20 March 2017: Hannover Re has reached an agreement to acquire the UK holding company Argenta Holdings plc ("Argenta"), which owns the companies Argenta Syndicate Management and Argenta Private Capital as well as a pro rata share of the Lloyd's syndicate Argenta Syndicate 2121. The parties have agreed to maintain confidentiality regarding the purchase price.



    "For some time now we have been interested in a Lloyd's syndicate with a view to gaining additional access to international and London Market business. We are delighted to have found an ideal partner in Argenta", Ulrich Wallin, Chief Executive Officer of Hannover Re, stated.



    The syndicate focuses on short-tail property business and specialty lines. Thanks to the diversified book of business written by the syndicate, the profit contributions made by the service companies and the expertise of the seasoned team of staff, Argenta has generated good results in recent years. It is therefore in Hannover Re's interest that the experienced team, under Argenta CEO Andrew Annandale, continues to pursue its successful strategy.



    Alasdair Locke, Chairman of Argenta commented, "We are delighted to have reached agreement to become part of such a strong and well-respected reinsurance group. Hannover Re has been a valued business partner of Syndicate 2121 for many years, both as a reinsurer and capital provider and we believe that this transaction is in the best interests of Argenta, its customers and its staff."



    In the 2016 financial year Syndicate 2121 booked gross premium of GBP 280 million. Hannover Re intends to support Argenta on its envisaged growth trajectory.



    The transaction is expected to close in the third quarter subject to all necessary approvals.




    Seite 1 von 2


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    DGAP-News Hannover Rück SE: Hannover Re acquires Lloyd's syndicate DGAP-News: Hannover Rück SE / Key word(s): Takeover Hannover Rück SE: Hannover Re acquires Lloyd's syndicate 20.03.2017 / 14:00 The issuer is solely responsible for the content of this announcement. Press Release Hannover Re acquires Lloyd's …

    Schreibe Deinen Kommentar

    Disclaimer