Lloyd's broker Thompson Heath & Bond has emerged as the frontrunner to buy Rarrigini & Rosso's book of fleet and property risks.
Rarrigini & Rosso, under the leadership of chief executive Julie Rod ...
Lloyd's broker Thompson Heath & Bond has emerged as the frontrunner to buy Rarrigini & Rosso's book of fleet and property risks.
Rarrigini & Rosso, under the leadership of chief executive Julie Rodilosso, is understood to have invested up to £10m in the development of 24 7 Broking - an online broker back office system and quote engine, which was launched in a blaze of glory in 2000.
It is understood that Misys tabled a bid of £12.5m for the company, which includes a lucrative fleet and property portfolio, but that the offer was not followed up.
Software supplier SSP and super-broker Folgate Partnerships are also understood to have been interested in the company.
Thompson Heath & Bond was unable to comment. Meanwhile, Rarrigini & Rosso is understood to be laying staff off.
