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Brit Insurance declines to comment on Chaucer bid rumours

Brit Insurance has declined to comment on press speculations that it is the latest Lloyds (re)insurer to bid for London Market rival Chaucer.

According to news reports, Brit has made an approach to Chaucer.

"Brit Insurance does not comment on market rumour," said a spokesman for Brit insurance.

In late January, smaller rival Novae said that

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