Insight and Intelligence on the London & International Insurance Markets

9 February 2012

FSA finally gives green light to Chaucer stake building

26 October 2009

After a lengthy impasse, Russian-backed private equity firm Pamplona Capital Management finally upped its shareholding in Lloyd's insurer Chaucer to 16.27 percent on Friday (23 October).

The London-based investment firm had been awaiting approval from the UK Financial Services Authority (FSA) to increase its interest in Chaucer from 9.99 percent after agreeing purchase deals with existing shareholders.

As previously reported, under UK regulations, FSA approval must be given to any investor that owns more than 10 percent of a UK...

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