Police called but not taking action

Police were called following a fracas between two employees from Faraday Group at a London restaurant last week.

Faraday, which owns a Lloyd’s syndicate and reinsurance business, said the police were not taking any action and the incident was closed.

It is understood a board meeting is scheduled for later this month with parent company General Re, which is owned by tycoon Warren Buffett.

Henry Ashton, Faraday’s chief executive, said: “There was an incident at a restaurant last week. Police were informed but are taking no action, so as far as we are concerned the incident is closed.”

Faraday’s last trading statements showed pre-tax profit of £38.1m for 2007, a massive increase from £8.3m for the year before.

Faraday describes itself as a market leader in aviation, casualty and property, saying it achieves success by investing in quality service, technology and people.