€70m buyout broker axes party

Management at a Dublin insurance brokerage involved in a €70 million buyout earlier this year has cancelled the annual staff Christmas party.

Staff at Coyle Hamilton Willis were recently told of the decision to cancel the Christmas masquerade ball, planned for the five-star Four Seasons hotel in Dublin.

They were told that the decision was due to a fall in share prices across the insurance industry following investigations in the US by Eliot ...