OFT clears Sirius buy-out
SSP’s acquisition of Sirius was given the all clear by the Office of Fair Trading (OFT). The OFT has the power to stop a takeover taking place if it finds that the combined company results in the “lessening of competition in the market”. The OFT said that the merger had been cleared because “it did not meet the relevant merger threshold”.
First published on 27 June
Benfield in Lloyd’s deal
Benfield signed a five-year agreement to provide a range of risk modelling and consulting services to Lloyd’s and syndicates.
First published on 27 June
Heath boosts property
Heath Lambert strengthened its real estate team with the appointment of Matthew Bates as managing director. Bates has worked within Heath Lambert Group for a number of years, and has previous experience in broking, account servicing, risk management, sales and development.
First published on 27 June
Private equity fears
Almost half of private equity firms believe they will face more lawsuits over the next two years, according to a survey by Marsh.
First published on 27 June
Lloyd’s slip checking
Lloyd’s teamed up with Adsensa, a supplier of slip and policy checking tools, to provide underwriters and brokers with access to Wordsensa QA technology.
First published on 27 June
AXA’s full-cycle trading
Imarket went live on the Acturis platform with full-cycle trading for AXA’s Tradesman product. Full cycle trading for other AXA products will be rolled-out on Acturis soon.
First published on 27 June
