Loss adjustor says no due diligence is being carried out on the business.

GAB Robins has moved to deny reports that due diligence is currently being carried out on the business.

A spokesman for the loss adjustor said the business was not close to a sale and denied that it had reached due diligiance with a potential acquisitior.

It followed earlier reports that Gab Robins was put up for sale by private equity owners Brera.

Stone Point Capital, the private equity firm with a controlling stale in rival firm Cunningham Lindsey, has been widely tipped to merge the two companies.