Insurance Times rounds up the biggest mergers, acquisitions, sales and capacity deals from 5 to 9 August 2024
Starting off the week, loss adjusting and claims management firm QuestGates secured new investment from mid-market private equity company Equistone Partners Europe.
The investment will support the continuation of the company’s growth strategy, which comprises both organic and acquisitive growth.
Then, Brown and Brown Europe acquired CI Group Holdings to expand in the trade credit insurance market.
Founded in 2000, broker CI Group provides credit propositions for banks and other commercial lenders via its technology platform E-Bonded.
Following this, add-on insurance provider Alps announced that it had moved its motor book to AmTrust International under a full delegated authority agreement.
The book includes standard motor protection, motor legal expenses and the Alps Complete product including vehicle hire.
And then, US-based Hadron Specialty confirmed that it will be rebranding Folgate Insurance after acquiring the London insurer earlier this year.
Hadron entered the UK market in February 2024 with its acquisition of Folgate, a firm which specialises in commercial insurance.
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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