M&M to sell Kroll

Marsh & McLennan is set to sell its subsidiary Kroll arm for $1.3bn (£870m), $600m less than it paid for it in 2004.

According to reports, The Carlyle Group, Apax Partners and General Atlantic all entered bids by the deadline for first expressions of interest in late February, while BC Partners may also be

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FCA stops potential ghost broker from trading

The Financial Conduct Authority has stopped Arthur Temlett, trading as Abacus Insurance Consultants, from carrying out any regulated activities, including acting as an insurance broker.

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