CVC Capital Partners has emerged as the frontrunner for the AA, Centrica's roadside recovery and insurance broking business, according sources close to the deal.
Centrica closed the bidding period last Friday. It is understood that Kohlberg Kravis Roberts (which bought Willis) also lodged a bid. Cinven and Inchcape are understood to have missed out on putting bids in.
CVC owns Kwik-Fit, which runs Britains 27th biggest insurance intermediary. AA Insurance is Britain's 8th biggest broker according to the Insurance Times Broker Top 50 list.
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.
