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
Was this article valuable?
Here are more articles you may enjoy.
Catastrophe Bond Investors Told to Brace for Jamaica Payout 
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
Satellite Data Reveals Hurricane Melissa Damage in Jamaica 
Suspects in Louvre Heist in Custody After Week-Long Manhunt 
