BGL confirms Fenchurch appointment as it explores insurance unit sale
BGL says it has "a duty to explore" approaches as Sky News reports that the business is considering a potential £700m sale of its insurance arm.
BGL Group has appointed Fenchurch Advisory Partners to handle a review of strategic options for BGL Insurance.
The story was first reported by Sky News. According to the article, BGL’s insurance unit could be priced at £700m.
A spokesperson for BGL told Insurance Age: “Approaches do happen, we have a duty to explore them, but there’s nothing further to say at this stage.”
BGL, which also owns Compare The Market, provides motor, home, and life insurance.
Redundancies
Earlier this year, in
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
- Cost-of-living crisis pushes up premium finance demand
- Ardonagh strikes A$2.3bn PSC deal
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper