Euclidian sale to spark Lloyd's consolidation
Lloyd's insurer Euclidian is set to become the first in a raft of acquisitions led by Capital Insurance Holdings and backed by Berkshire Hathaway's Warren Buffett.
A source close to the insurer today confirmed CIH, which is led by Michael Wade, is in the process of raising institutional funds to back a £125m purchase of Euclidian, with 25% of the capital comingOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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