First ANV bids due

Mammoth Canadian fund Ontario Teachers' Pension Plan has
solicited first round bids for its ailing Lloyd's business ANV
by the end of the month, The Insurance
Insider can reveal.
Broking sources said that Bank of America Merrill Lynch, which
is handling the sale, released a confidential investor memorandum
just before Christmas.
Interested parties have been asked to submit indicative
proposals by the end of January, with a period of due diligence set
to follow after the bids have been considered