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23 May 2012

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Whittington holding out for $50mn

2 June 2011

The asking price for Lloyd's turnkey provider Whittington is thought to be in the region of £32mn ($50mn), The Insurance Insider understands.

Singaporean parent Whittington Group is coming towards the end of an auction process for its Lloyd's managing agent, with more than a dozen interested parties whittled down to just two.

AIM-listed insurance services company Tawa is understood to be one of the two final bidders in the Aon Benfield-run auction.

The other is thought to be a Stone...

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