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With a spate of high-profile partner exits and a second bank taking out a charge over the firm’s assets, it is fair to say BLM has raised a few eyebrows in the insurance market lately.

Within days of last month’s resignation of London head Jennette Newman and fellow insurance partner Jonathan Edwards, it emerged that HSBC had joined Barclays in taking a debenture over the firm’s assets in return for a refinancing package agreed through a club banking arrangement.

Joseph Evans

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