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AUB Group confirms Tyser deal talks

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The Australia and New Zealand-based broking and underwriting group said no terms have been agreed.

Sydney-headquartered AUB Group has moved to clarify speculation around a possible takeover of Tysers.

The firm said in a statement to the Australian stock exchange that it noted “recent media reporting in connection with Tysers, the London-based Lloyd’s wholesale insurance broker”.

The statement, dated 4 April, continued: “AUB advises that it has been in discussions with Odyssey Investment Partners, the current owner of Tysers, and the senior management team of Tysers.

“Although AUB believes

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