ProSight-Everest talks fail as Lloyd's pressure grows

Serious talks about Everest Re's proposed purchase of
ProSight's Lloyd's platform broke down late last week amid
mounting regulatory pressure from the Corporation, The
Insurance Insider understands.
Sources explained that ProSight's decision to pull
£200mn+ ($259mn) of US programme business out of the
syndicate, as well as future uncertainty over ownership, had
prompted Lloyd's to place the firm under careful watch.
It is understood that KPMG has been invited in to audit the
business to pr