Apollo and CVC Capital buy Brit Insurance Holdings for up to £888M ($1.4B). It took four months...

|By:, SA News Editor

Apollo and CVC Capital buy Brit Insurance Holdings for up to £888M ($1.4B). It took four months of takeover negotiations and four previous approaches to seal the deal, but Brit CEO Dane Douetil still says "there's no doubt this is a low point in the sector’s cycle and businesses are selling for a lot less than their intrinsic worth."