Planned Lloyd’s investment venture scrapped at eleventh hour
Financials Acquisition Corp, which had planned to provide hundreds of millions of pounds of capacity to Lloyd’s syndicates as early as 2024, following a proposed merger, is now set to appoint liquidators.
Directors of FAC – a special purpose acquisition company that listed on the London Stock Exchange in 2022 – set up London Innovation Underwriters earlier this year with the intention of raising “a
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