A pair of British insurance executives have lined up a major industry player in Qatar to back a plan to launch one of the first of a new wave of SPACs on the London Stock Exchange, Sky News reports.
Andy Rear, a former Munich Re executive, and Will Allen, who has worked for the investment bank KBW, have secured £50m of provisional funding for their new vehicle from cornerstone investors including Qatar Insurance Company and Toscafund. Read more.
