The decision by Amlin to end takeover talks with rival Chaucer has challenged the opinion that…
The decision by Amlin to end takeover talks with rival Chaucer is a setback to consolidation in the Lloyd's market.
The FT reported today that Geoff Miller, an analyst at Bridgewell Securities, has said: "Amlin and Chaucer are both good quality companies with two chief executives with a corporate finance background, neither of whom have particularly large egos to massage, and yet they could not actually make a deal work between them. The rest of the sector would find it very difficult."
Amlin has said that should a rival company bid for Chaucer, it reserves the right to make an offer.
