Utley and private investors snap up 25% share in Peel Hunt, worth around £18.5m
Insurance entrepreneur Neil Utley and private investors have snapped up a 25% stake worth around £18.5m in stockbroker Peel Hunt.
Former IAG UK chief executive Utley’s consortium completed the buyout of Peel Hunt on Friday from former owner KBC, a Belgian bancassurance firm.
Utley’s group snapped up a 25% share, with the rest taken up by employees. The deal was first announced in July
Peel Hunt is valued at £74m, a third of the value of £218m KBC bought it for in 2001, according to City AM.
Utley is chairman of Hastings Direct, which he plans to float in 2012.
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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