The Capita Group is in exclusive discussions with Aurora Corporate Services to pay cash for 100% of Aurora's shares.
The deal is expected to be complete in the New Year.
Capita will take over runoff ...

The Capita Group is in exclusive discussions with Aurora Corporate Services to pay cash for 100% of Aurora's shares.

The deal is expected to be complete in the New Year.

Capita will take over runoff of Independent Insurance, which is expected to run for about five years.

Capita executive chairman Rod Aldridge said Aurora's expertise in commercial insurance would enhance Capita's existing activities in the London Market and personal lines.

PricewaterhouseCoopers' (PWC) Dan Schwarzmann, Independent's liquidator, said it was a good deal for Independent's creditors and an excellent outcome for Aurora's staff.

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