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.”

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