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Property insurance firms merge

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Let Insurance Services and Property Risks have merged to form a new company, Let Risks.

The company said that, in the wake of a growing lettings market, the merger combines the strengths of two major specialist providers of risk management and insurance solutions for the residential and

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McGill sold to EQT for $2bn

McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).

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