Regan bid collapses

ANDREW REGAN, the man who tried to take over CWS, has ruled out an audacious bid for mutual insurer Royal & Sun Alliance. It was reported that Regan&#039s...

ANDREW REGAN, the man who tried to take over CWS, has ruled out an audacious bid for mutual insurer Royal & Sun Alliance.
It was reported that Regan&#039s investment vehicle, Corvus Capital, had held preliminary talks with investors to table a cash bid for the UK&#039s second largest insurer. But Corvus said it would need co-operation from RSA&#039s management which "was not forthcoming".
Regan&#039s infamous bid of &#163 1.2 billion for CWS ended in 1997 amid allegations of corruption.

In this article


Join the Conversation