"Heritage Underwriting became the latest Lloyd’s insurer to fall to an American takeover. It agreed a 154p bid from Argo Group International, more than double the 75p price at which KBC Peel Hunt brought it to the market in August 2006. It ended the day up 18½p at 152p."
http://business.timesonline.co.uk/tol/business/markets/article3671361.ece