Deal for Abbey owners Prestige completes with Capital Z taking 65% share
Former LV boss Phil Bunker will chair the board as George Storey retires.
US-based private equity firm Capital Z has completed the deal to take a 65% stake in Prestige Insurance Holdings, the owner of Abbey Insurance in Northern Ireland.
It also revealed that company founder George Storey will retire but remain on the board as a non-executive.
Former LV Broker-boss Phil Bunker has joined the Belfast-based business replacing Storey as chairman.
The company will stay under the existing leadership of group CEO Trevor Shaw and group chief financial officer Paul Hanna.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop