The British Insurance Brokers' Association (Biba) said it was looking to develop a confidential matchmaking facility for members who were considering selling or merging their businesses. The brainchild of Hugh Price, partner at law firm Hugh James, the scheme will be designed to protect businesses from commercial damage in the event of failed talks.

Insurer-funded research centre Thatcham tested new technologies that it said could save insurers millions of pounds every year by cutting down on

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