Heritage doubles profit in 2007, confirms suitors
Lloyd’s managing agent Heritage has confirmed that it is in discussions with potential suitors, which market sources have identified as Bermuda's Max Capital and Ironshore.
Heritage unveiled 2007 results showing profit climbing 126% to £23.3m from £10.3m a year earlier on a combined ratio that remained static at 90%. The figures included a 39% increase in Heritage’s
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