With rumours that Aon's Axiom sale is on hold while the senior management tries to find the money for an MBO, one of its rivals has decided to take stock.

The MBO planned for CMGL is off and so is the sale. It is understood that Zurich had been interested in gaining a premium price for the operation, but has decided instead to take advantage of the market.

Probably because its rival is ready to be sold. Swings and roundabouts, says Backchat.