Reported 1 day ago
The owners of Inigo Ltd., a specialist insurance group in the UK, are exploring strategic options including a potential sale, aiming for a valuation of up to £2 billion. Shareholders including JC Flowers & Co. and Qatar Investment Authority are working with Evercore Inc. on the review, considering selling the entire business or a minority stake, while an initial public offering is also on the table though less favored. Inigo, which offers commercial risk insurance and reinsurance, saw a five-fold profit increase last year.
Source: YAHOO