The private equity firm that bought Kwik-Fit last week has said there are no immediate plans to sell off the broking arm Kwik-Fit Insurance Services.

French buy-out group PAI bought the the car repair and financial services company for £800m, after it was put up for sale by CVC Capital in April.

It is understood that PAI beat a number of other bidders including a consortium led by tyre firm Bridgestone.

A PAI spokeswoman said: "PAI plans to keep Kwik-Fit as it is and has stated that it will retain [Kwik-Fit Insurance Services'] Scottish call centre. There are no plans for job losses or any changes at this stage."

Patrick Smith, chief executive of rival Swinton said: "Of course we would look at the insurance division of Kwik-Fit if it was put up for sale, but I have heard no indication of this. It looks as if it is an integral part of the business and it would not make sense to separate it," he added.

Kwik-Fit Insurance Services managing director Martin Oliver was unavailable for comment.

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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