News review: July

Heath Lambert up for grabs Heath Lambert attracted interest from venture capitalists after talks broke down with Jardine Lloyd Thompson (JLT). Mid-market private equity investors emerged as the most likely candidates to invest in the broker after the collapse of the JLT deal. Towergate said it was unlikely to bid for the whole company, while Heath Lambert rejected advances from Willis.

Flooding time-bomb fears

- UK property insurers expressed concern that flood defence expenditure could be cut