News analysis: Towergate investors to create insurance giant
Market reacts to HPS and MDP plans to amalgamate their UK insurance investments – including Towergate, Autonet, Chase Templeton, Direct Group and Price Forbes – into one group
HPS Investment Partners (HPS) and Madison Dearborn Partners (MDP) made the headlines in the past month by confirming plans to bring together their UK regional network of general insurance businesses.
The combined insurance giant will include Towergate Group, Autonet Insurance Services, Chase Templeton, Direct Group and Price Forbes (see box below).
The UK businesses that HPS and MDP have invested in HPS Investment Partners (then Highbridge Principal Strategies) invested in the TowergateOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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