Exel to buy Global Capital Re for $637M. (GCR Holdings Ltd.): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on May 12, 1997. The length of the article is 515 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Exel Ltd., based in Hamilton, Bermuda, will pay $27 a share for the outstanding shares of GCR Holdings Ltd., owner of Global Capital Reinsurance Ltd. Exel will pay a premium for shares of GCR, partly because the acquisition will make Exel more competitive with Ace Ltd., which acquired Tempest in 1996. Included are quotations by analysts about the merger.

Citation Details
Title: Exel to buy Global Capital Re for $637M. (GCR Holdings Ltd.)
Author: Joe Niedzielski
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: May 12, 1997
Publisher: The National Underwriter Company
Volume: v101 Issue: n19 Page: p1(2)

Distributed by Thomson Gale