Fri, 17 May 2013
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DAC and Beachcroft moot £175m merger
I think Anonymous @ 5.06 is being a little unfair to Anonymous @ 4.48. In the insurance world, Clydes are best known for their marine work, BLG for their non-marine. Reinsurance is irrelevant, as there is virtually no dispute work around any more and Clydes are unlikely to want whatever is left of BLG's reinsurance practice as it is a terrible drain. Having said that, by all accounts, the deal at BLG's end is being driven by Tim Taylor, BLG's head of marine, so maybe he is prepared to lose some conflicts for the greater good.
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