UK General up for sale again
UK General’s latest filing at Companies House has revealed the personal lines specialist, which lost £9.13m in nine months up to 30 March 2021, is up for sale.
A spokesperson for UK General told Insurance Age: “We are in the midst of a transaction where there is new investment coming into the business.”
The buyers would take a majority equity stake and deliver new money “to support our plans going forward”, he added.
Primary Group bought the managing general agent back from JC Flowers in 2020 having sold it to the private equity house in 2017.
FundingThe latest process has been ongoing in 2022. The Companies House document detailed: “The board are
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