Business Services Industry
Updates; Amlin will not bid for Chaucer.(World)(appointments)(Amlin P.L.C)(Chaucer Holdings PLC)
Business Insurance, July, 2005
Lloyd's of London company Amlin P.L.C., which manages multiline syndicate 2001 at Lloyd's, announced it will not make an offer for Chaucer Holdings P.L.C. Amlin said in June that it was in talks to buy Chaucer, which manages and contributes capacity to syndicates 1084 and 1176 at Lloyd's.
In a statement last week, Amlin said, "Having completed its review of Chaucer, Amlin has concluded that sufficient value for its shareholders could not be created by proceeding with a transaction.'' Satchell named ABI chairman Keith Satchell, group chief executive of Dorking, England-based Friends Provident Life & Pensions Ltd., has been appointed chairman of the London-based Assn. of British Insurers. Mr. Satchell succeeds Richard Harvey, the group chief executive of...
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