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.
Was this article valuable?
Here are more articles you may enjoy.
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return? 
Thoma Bravo to Take Accelerant Private in $4 Billion Deal 
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors 
Homeowners Insurance Market Reaches ‘Fragmented Phase,’ Says S&P GMI 
