Value of stake has increased 20.9% over the last quarter
Private equity house Electra Partners has seen value of its shareholding in loss adjusting firm Davies increase to £17.9m.
The 20.9% increase in shareholding value follows an all-time low of £14.8m in September 2013.
However, this latest valuation is still less than half the £35.8m Electra paid for the 46.2% stake in Davies in September 2011.
At its previous trading update in September 2013 Electra was hoping that the appointment of Dan Saulter as chief executive at Davies would help turn the fortunes of its investment around.
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.
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