Outsourcing company Xchanging Plc said it did not expect a superior cash offer from Ebix Inc and urged shareholders to accept a bid from U.S.-based Computer Sciences Corp. Insurance software company Ebix had in November made a 450 million pound …
Outsourcing company Xchanging Plc , which has already accepted a takeover offer from Capita Plc, has received a proposal from U.S.-based Computer Sciences Corp., which values the company at about 421 million pounds ($640 million). Shares in Xchanging – which …
Apollo Global Management LLC’s dual stakes in an insurer and the largest operator of U.S. casinos are drawing scrutiny by New York’s top financial regulator, who doesn’t want policyholders exposed to the gambling firm’s debt, a person briefed on the …
Brit Insurance Holdings B.V., a Lloyd’s of London insurer owned by Apollo Global Management LLC and CVC Capital Partners Ltd., is planning an initial public offering in London next month. A minimum of 25 percent of the company will be …
The buyer of Aviva USA intends to trim about 90 Aviva jobs in the Des Moines, Iowa-area as it cuts about 10 percent of the insurer’s workforce. The Des Moines Register says Aviva employees were told about the cutbacks in …
Catalina Holdings (Bermuda) Ltd, a long term consolidator in the non-life run-off sector, announced that funds and other entities “managed or advised by Apollo Global Management, and/or its subsidiaries (collectively, ‘Apollo’) have agreed to acquire, via a newly formed entity, …
