Ironshore buys into Lloyd's through Chaucer's Pembroke
As predicted by Reinsurance , Lloyd’s insurer Chaucer has announced the sale of its shareholding in Pembroke JV Limited to Bermudian insurer Ironshore for £14.9m ($29.8m) in cash.
Pembroke JV owns Pembroke Managing Agency, which is the managing agent of Lloyd’s Syndicate 4000.
Under the deal Chaucer’s right to participate on the Syndicate for the 2009 and subsequent years of
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