Private-equity backed Torus has cast the slide rule over making a bid for Lloyd’s syndicate Broadgate, Insurance Times understands.
Israeli-based Clal Insurance Enterprise Holdings, which owns Broadgate, is willing to listen to offers for the syndicate.
Broadgate writes accident and health, property treaty, special risks, direct facultative and bloodstock. The sydnicate has £110m capacity for 2011.
A spokesman for Torus said: “There are many opportunities to grow our business through acquisition, and there is a lot of opportunities out, and we are continually investigating these. We cannot and do not comment on market speculation.”
