Lofty multiple beckons as Argenta receives final bids

Lloyd's managing and members' agent Argenta could fetch
fully 2x book value when its sale process concludes in the coming
weeks, The Insurance Insider can
reveal.
Final-round bids are due this week in the Goldman Sachs-run
process, with bidders said to include Matt Fairfield's
(re)insurance start-up Exin and state-owned life insurance giant
China Taiping.
Chinese private equity house Xio, an interested party in other
recent Lloyd's deals, has also been involved in the latter
stages of the sale p