Dream owner beckons for Ascot in CPPIB

Lloyd's (re)insurer Ascot is heading for a $900mn+ deal with
the Canada Pension Plan Investment Board (CPPIB) that will mark yet
another point in the journey of long-term, lower-return money into
the industry.
If CPPIB is able to close out the still unsigned deal to buy the
AIG-backed Lloyd's carrier for around 1.5x-1.6x book value it
will follow Exor into the sector, after the Agnelli family
investment vehicle bought PartnerRe last year for $6.9bn.
Matt Fairfield's new vehicle Exin has...