Fireman's Fund sale process draws towards close

The sale of Fireman's Fund's $750mn-premium personal
lines business is nearing its end with Ace, AIG and AmTrust among
the final bidders, The Insurance Insider
can reveal.
Investment banking sources have talked about Ace as a
frontrunner in the sales process for the US-based Allianz
subsidiary since Goldman Sachs was handed the sell-side mandate in
September.
One source speculated that the overall valuation of the deal is
likely to top $800mn and could go as high as $1bn.
Fireman's F