Sure hope it is good. But a little afraid..
A google search turned up this:http://www.cityam.com/latest-news/punch-deal-centre-fsa-probeI have no idea about the veracity of this story or this web site.
Seconded. Very curious as to what it may be. An unlikely idea would be some sort of merger with similar hedge fund reinsurer Third Point RE.
Either way, some idea of a time frame would be nice.