Kwik-Fit Insurance Services has scotched rumours that it will be sold by the new owner of Kwik-Fit Group, CVC Capital Partners.

CVC Capital Partners concluded the acquisition of Kwik-Fit Group from Ford Motor Company at the end of 2002.

This has fuelled speculation that the venture capitalist would split the group up and sell off non-core businesses, before floating, or selling the core tyre and exhaust replacement business.

Market experts reckoned that suitors could include Budget, People's Choice or Swinton.

But Kwik-Fit Insurance Services managing director Martin Oliver said: "There are no plans to put the business up for sale. Following the acquisition of the Kwik-Fit Group by CVC Capital Partners last year, it's business as usual for Kwik-Fit Insurance Services."

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.
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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