JC Flowers completes acquisition of UK General
Private equity firm JC Flowers said that it finalized the acquisition of UK General Insurance Group on May 24, following regulatory approval.
Leeds-based UK General is a personal lines insurance provider, offering a range of personal lines insurance products across property, leisure and lifestyle, payment protection, financial loss, motor financial, warranty, travel and personal accident classes of business.
“We are excited by the opportunities to grow the business under new ownership,” said Karen Beales, managing director of UK General. “We believe that we have a very strong platform to invest in our people, products and distribution technology to further our long term aim to build a market leading position in the UK Personal lines schemes market.”
Jonathan Cox, vice president of JC Flowers, added: There’s a tremendous opportunity to capitalise upon UK General‘s unique products and services, and we look forward to working with the team to continue to build the profitability of the business.”
Today’s stories
Aspen appoints new group chief risk officer
Insurers at risk of losing sales pipeline under new data protection laws
Allianz names new global head of aviation
Aviva starts £300m share buy-back programme
TMK launches visual effects and post production media insurance cover
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
