Cinven completed the acquisition of a 50% stake in Policy Expert from Abu Dhabi Investment Authority.

Cinven, a private equity firm, completed the acquisition of a 50% stake in Policy Expert, an insurance borkerage firm, from Abu Dhabi Investment Authority, the sovereign wealth fund of Abu Dhabi. Financial terms were not disclosed. “We are a forward-looking business that loves to get things done and we are hugely excited to have two supportive shareholders in Cinven and ADIA with us for the next stage of our journey. Every new policy sale or renewal adds to our belief that customers are seeking clear, consistent and dependable products and support from the general insurance market. Our smart use of data and people-focused culture has already made this a reality for our 1.5m customers,” Steve Hardy, Policy Expert Chairman.