Achilles too late to back-pedal on $1.4bn Brit Insurance buy-out
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Achilles too late to back-pedal on $1.4bn Brit Insurance buy-out

14 March 2011
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Private equity consortium Achilles cannot back out of its $1.4bn (£880mn) buy-out of Brit Insurance despite the inevitability of the UK insurer sustaining significant losses from the Japanese earthquake.

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