Aquiline exploring ERS sale
Private equity firm looking at a number of strategic options for the motor insurer, including a sale.
ERS has stated that its majority shareholder Aquiline Capital Partners is assessing strategic options for the specialist motor insurer.
The private equity house has engaged Macquarie Capital and Evercore to help it explore a number of potential outcomes, including a sale of ERS.
Process
ERS noted that the Aquiline was at a “very early stage” of this process.
The insurer said in a statement: “We will continue to keep Lloyd’s, the Financial Conduct Authority and the Prudential Regulation
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