CBSPC purchase is given the all clear
The Competition Commission (CC) has provisionally cleared the acquisition by Hampden Agencies of the members' agency business of CBS Private Capital (CBSPC).
Insurance Age reported in September that Lloyd's two largest member-agency services had merged in April, sparking a referral from the Office of Fair Trading (OFT) to the CC over concerns that it would create an imbalance in the London insurance market.
However, the CC concluded that the acquisition is not expected to result in a substantial
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