Meeting private equity: Simon Peet, Livingbridge
Private equity is driving an M&A boom in UK broking but often we don't know who is behind it. Insurance Age gets to know the key figures.
Livingbridge has a number of insurance investments. In 2018 it backed the Coversure directors to do a management buyout. The business subsequently rebranded as Jensten Group and has hit the acquisition trail with the aim of driving GWP up to £500m.
It also took a stake in Irish personal lines broker Chill Insurance in 2020. At the time Dublin-based Chill had around 250 staff. It was founded in 2006 by brothers Padraig and Seamus Lynch. It now has 200,000 policyholders and 6% of market share.
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