Barlow Lyde & Gilbert under pressure

More reports have emerged to shed light on the merger negotiations between Barlow Lyde & Gilbert and insurance rival Clyde & Co. has reported an anonymous source who claims that BLG has no option but to agree to the deal, in light of a weakened international presence and collapsing rates in the domestic insurance sector. BLG chief executive David Jabbari has refuted claims that the merger represents a crucial lifeline for the firm, though he is contradicted by other former BLG partners, who said the firm’s management had told ­partners earlier this year that the firm would cease to exist as an independent entity by the end of the 2011-12 financial year.

Barlow Lyde & Gilbert under pressure Tue, Jun 7, 2011