Clive Cowdery plans £11bn insurance empire - Times Online: "The tycoon, who made more than £100m selling his first vehicle to Pearl Assurance last year, is preparing to go on a buying spree that would see him put together several large UK life insurers and eventually own up to a third of the sector, which is valued at about £35 billion."
That's the end of competition then, and the end of all the dreams and asprirations of policyholders, and their unfortunate advisers. What is the Financial Services Authority going to do about this? Not a lot because John Tiner is involved and a few more rats might be leaving the sinking HMS Leviathan and looking for lucrative jobs, er.. that reminds me, where did David Kenmir go?
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