Lloyd's underwriter Amlin is ..

Lloyd's underwriter Amlin is considering buying the insurer Chaucer. Amlin's board said it was involved 'in discussions' about a possible recommended offer, which it believed would have a 'very strong rationale' because it would create the largest independent Lloyd's insurer. The board also said a takeover would create 'substantial' economies of scale and bring a number of classes of insurance to Amlin. A further announcement on the deal will be made this month following discussions and the

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