Beazley buys out Santam
Lloyd's insurer Beazley this morning announced that it had acquired the entire issued share capital of Santam Corporate from Santam UK. Santam Corporate participates solely on syndicate 623 with a capacity of £19.0m.
In a statement Beazley said the acquisition allows it to increase its share of the combined capacity for syndicates 2623 and 623 of £860.0m to 81% for 2007. This increases the amount the group
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