LONDON (Reuters) – U.S. insurer Travelers Cos Inc is in talks to buy a minority stake in Esure as the British home and motor insurer prepares for an initial public offering, Sky News reported on Monday.
Esure declined to comment. Travelers was not available to comment.
Esure, set up in 2000 as one of Britain's first internet-based insurers, could float in London as early as this year, although the timing would depend on market conditions, founder Peter Wood told the Financial Times in March.
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