Chaucer Breaks Off Highway Purchase Talks

April 18, 2005

The U.K.’s Chaucer Insurance, a leading Lloyd’s insurer, has reportedly broken off talks aimed at acquiring another U.K. company, auto insurer Highway for around £87 million ($165 million).

The U.K.’s Chaucer Insurance, a leading Lloyd’s insurer, has reportedly broken off talks aimed at acquiring another U.K. company, auto insurer Highway for around £87 million ($165 million).

Reuters cited Chaucer management sources as indicating that the two had failed to reach an agreement on the purchase price.

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