Candover Investments P.L.C., a buyout specialist, has entered into exclusive negotiations to acquire Reliance National Insurance Co. (Europe) Ltd. Last year, Reliance National (Europe) generated $255.2 million in gross written premiums in 1999. Reliance National is the European subsidiary of Philadelphia-based Reliance National Insurance Co.
Reliance Group Holdings Inc. has been selling off several pieces of its book in recent months as it faces the threat of bankruptcy and liquidation.
Topics Mergers & Acquisitions Europe
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