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BRIEF-Hannover Re acquires Lloyd's syndicate
March 20, 2017 / 1:04 PM / 9 months ago

BRIEF-Hannover Re acquires Lloyd's syndicate

March 20 (Reuters) - Hannover Rueck SE:

* Hannover Re acquires Lloyd’s syndicate

* Parties have agreed to maintain confidentiality regarding purchase price

* In 2016 financial year syndicate 2121 booked gross premium of 280 million pounds ($346.64 million)

* Transaction is expected to close in Q3 subject to all necessary approvals

* Hannover Re intends to support Argenta on its envisaged growth trajectory Source text for Eikon: Further company coverage: ($1 = 0.8078 pounds) (Gdynia Newsroom)

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