Inigo Owners Said to Weigh Options for Lloyd’s of London Insurer

The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter.

The shareholders, which include buyout firm JC Flowers & Co. and Qatar Investment Authority, are working with Evercore Inc. on the strategic review, the people said. They are seeking a valuation of as much as £2 billion ($2.5 billion), one of the people said.

Selling the entire business or a minority stake are among alternatives under consideration, while an initial public offering could also be an option though it’s less preferred, the people said. ...