Coversure backers Livingbridge “not done” with insurance investments
PE firm met with 30 brokers before partnering with Bob Darling and management team
Private equity (PE) company Livingbridge is looking to pursue more deals in the insurance sector.
Speaking exclusively to Insurance Age, Xavier Woodward, partner in the investment team, confirmed they had met with 30 brokers before deciding to back Coversure’s recent management buyout by CEO Bob Darling and team.
“This is a big market with lots of players and while we are not looking for another Coversure immediately we are definitely not done in the insurance sector,” he commented.
“We are
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