Competition commission alerted following Lloyd's giants' merger
Two of Lloyd's largest member agency services have merged, sparking a referral from the Office of Fa...
Two of Lloyd's largest member agency services have merged, sparking a referral from the Office of Fair Trading (OFT) to the Competition Commission (CC) over concerns that it will create an imbalance in the insurance market.
Hampden Agencies, which is the largest adviser to private investors at Lloyd's, acquired the agency business of risk capital provider Christie Brockbank Shipton (CBS) in April.
The transaction has reduced the number of major competitors from three to two and, according to an
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