Wednesday, 24 August 2016, 8:00 am
Hilarious (or ridiculous, perhaps) - the Financial Times is now reporting little old Betaville's AIG/Ascot scoop but attributing the tale as "first reported" by the Wall Street Journal. Here is the link:
http://www.ft.com/cms/s/0/9e87f5ae-696b-11e6-a0b1-d87a9fea034f.html#axzz4IEMfWzpj..
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Tuesday, 23 August 2016, 7:35 am
That last bastion of old school broking - the Lloyd's of London insurance market - may soon be a fertile environment for dealmakers.
I'm hearing from good industry sources that US insurance giant AIG is gearing up for a potential sale of Ascot. Ascot is a member of the Lloyd's market, where it's not unusual for brokers and underwriters to go out for a long boozy lunch and return to work fours hours later completely inebriated. In fact, in some places it's encouraged...
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