Announced
Completed
Financials
Tags
Insurance Brokers
Single Bidder
Domestic
Friendly
Private
Acquisition
Completed
Private Equity
United Kingdom
Majority
insurance
Synopsis
The Ardonagh Group, an insurance distribution platform, completed the acquisition of Lorega, a supplier of loss recovery insurance from Alcuin Capital Partners, an investment company. Financial terms were not disclosed. “Lorega is a real specialist and leader in the loss recovery insurance market with a wealth of experience within the team. We are excited about the potential to support their growth with both commercial and consumer clients and investing in digital platforms to extend the product distribution even more widely to the market," Derek Coles, Ardonagh CEO.
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