Miles Smith backers buy The Underwriting Exchange and LIME
Miles Smith and TUE Companies to keep own brands as separate businesses in expanded group.
Private equity house Pollen Street Capital, majority owner of Miles Smith Insurance Group, has bought The Underwriting Exchange and sister company London Ireland Market Exchange.
Pollen Street snapped up a majority stake in Miles Smith last December in a takeover that saw MS Amlin exit the business.
Lloyd’s broker The Underwriting Exchange and Dublin-based managing general agent LIME – known together as TUE Companies – work across Irish and UK corporate and SME risks including motor fleet.
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