Insurer sells 37% stake in small business broker
Brit Insurance has sold its 37% stake in online insurance specialist Simply Business in a management buyout that valued the company at more than £50m, the Telegraph reports.
The insurer sold its holding in the eight-year-old business as part of a deal backed by private equity firm AnaCap.
AnaCap and Simply Business, led by chief executive Jason Stockwood, will take full control of Xbridge, the online broker’s holding company.
Simply Business provides online quote-and-buy facilities for small businesses, and cover for more than 225,000 UK businesses.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
No comments yet