CMA confirms insurance software merger referral
The CMA has referred the completed acquisition by Xchanging of certain companies of Agencyport for an in-depth phase 2 investigation.
The Competition and Markets Authority (CMA) announced last week that it would refer the merger for a full investigation unless Xchanging offered acceptable undertakings to address the CMA바카라 사이트™s competition concerns. This follows concerns that it may lead to higher prices or a reduction in choice or quality for Lloyd바카라 사이트™s registered managing agents or reduce the incentives of suppliers to innovate.
As Xchanging has not offered any undertakings, the CMA will now start an in-depth merger investigation. The CMA must publish its final decision by 24 May 2015.
A decision on the merger will be made by a group of independent panel members supported by a case team of CMA staff.
All information relating to the investigation is available on the case page.