Problem of plenty for i-banks, legal firms handling insurance IPOs

Insurers may insert clauses to prevent them from handling offerings of rival peers

This article has been modified to rectify an error in the earlier version

With a number of insurance companies readying for public share sales in the coming months, investment banks and law firms might face a problem of plenty.

The avalanche of offerings could lead to a clash in the timings for their appointments as insurers are likely to insert clauses that  prevent them from handling share sales of rival peers. This means the investment banks and legal teams might have to decide in advance which insurer’s share sale they want to be part of.

Ten insurance