Preservation Capital invested in Cove Programes.

UK-based Preservation Capital Partners invested in Cove Programes, a British provider of quality insurance products. The investment comes soon after Preservation Capital acquired an interest in the insurTech-driven cyber and specialty lines MGA Ascent Underwriting. Financial terms were not disclosed. Jatender Aujla, a Partner of Preservation Capital, says: “Ascent has made significant progress since our initial investment just over a year ago, particularly in the areas of product development and distribution. Cove is an extremely impressive business with a focus on highly specialised niches generating superior underwriting and insurance placement results. The companies have highly respected brands, the loyalty of brokers and customers, and incredibly experienced management teams supported by industry-leading specialists. Together they comprise a very strong business possessing all the ingredients for controlled, successful growth focused on generating superior underwriting results while serving the broad needs of their brokers and clients.”