Today, we’re announcing that our majority shareholder, Aquiline has engaged Macquarie Captial and Evercore to help it assess strategic options for ERS. This assessment could lead to a number of potential outcomes, including the sale of ERS and a change in ownership.
This news follows a record half year profit of £5.6m from £212.6m premium and a COR of 96.6%.
Aquiline are at a very early stage of this process and there isn’t anything further to add at this time. We will continue to keep Lloyd’s, the Financial Conduct Authority and the Prudential Regulation Authority informed as the process develops.
