Amlin calls off acquisition of fellow Lloyd's insurer.Declaring that the acquisition of fellow Lloyd's Lloyd's, London insurance underwriting corporation of many separate syndicates; often called Lloyd's of London. Founded in the late 17th cent. by a group of merchants, shipowners, and insurance brokers at the coffeehouse of Edward Lloyd, the association is now underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. Chaucer Holdings plc wouldn't would·n't Contraction of would not. wouldn't would not wouldn't would generate enough value for shareholders, Amlin plc said it wouldn't go ahead with the proposed purchase. Amlin said in a statement that it reserves the right under U.K. takeover rules "to make or participate in an offer within the next six months" if Chaucer's board recommends an offer or if a third party "announces a firm intention" to acquire Chaucer. Amlin said the decision to call oft oft adv. Often. Often used in combination: his oft-expressed philosophy; oft-repeated tales. [Middle English, from Old English; see upo in Indo-European roots. the acquisition followed a review of Chaucer. |
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