Post Blog: Quinn, Towergate, an acorn of a deal and the Sex Pistols. The week in insurance
With many in the insurance market taking advantage of the double bank holiday whammy you would think that this week would be a good time to bury bad news.
Or try and push out that 'non story' minded that it may get more attention than usual given that it is not about the wedding and there is little else going on.
With this in mind today has been a surprisingly "busy" day for news, mostly of the 'good' nature.
First we had the news that RSA has acquired Oak Underwriting, establishing it as one of the top three high net worth players in one fell swoop.
This is a good niche acquisition for the insurer, but is a far cry from the last time they were fishing around the m&a market in the UK trying to get Aviva to take the bait.
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