Coversure CEO confirms new acquisition strategy following MBO
But CEO Bob Darling notes the company is not stepping away from the franchise model and reveals founder Mark Coverdale will retire when the deal goes through.
Coversure Insurance Services Group is set to make acquisitions following its management buyout, CEO Bob Darling has confirmed.
The MBO was backed by private equity firm Livingbridge and included the broker franchise, online wholesaler Policyfast, specialist underwriters CUL and software house Datamatters.
“Livingbridge has a good reputation for growing businesses and we’re really excited to have them as partner to take the business to the next level,” Darling told Insurance Age.
Acquisitions
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