Specialist broker bolsters Capita’s insurance arm
Capita has bought Fish Administration for £21m from private equity firm Inflexion.
Fish is a Preston-based broker that specialises in finding cover for the disabled, including cover for adapted vehicles and mobility scooters.
The firm has 30 staff and trades as Fish Insurance.
Bollington Insurance Brokers bought Fish’s commercial arm, Fish Corporate Insurance, in December 2011.
Fish’s pro forma operating profit for the year ending May 2011 was £3.5m on a turnover of £5.8m.
Capita chief executive Paul Pindar said: “Backed by Capita, and alongside our existing specialist insurance broking business, we anticipate strong potential for growth in the motor, travel, independent living and carer insurance markets, enabling us to take the business from strength to strength.”
Fish managing director Warren Dickson said: “We are fully committed to maintaining the focus that we have on specialist expertise and service excellence, and being part of Capita will allow us to further enhance the value we offer in these areas.”
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