Levered brokers: The irresistible pull of gravity
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Levered brokers: The irresistible pull of gravity

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In mid-August, I argued that private broking firms valuations would ultimately respond to gravity’s irresistible pull despite their remarkable resilience through the summer.

And that has now come to pass, with Inside P&C breaking news on Tuesday that the sale of Relation Insurance had been pulled as Aquiline judged that bids fell short of its reserve price.


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