Policy Expert eyes accelerated growth after ADIA takes majority stake
Steve Hardy, CEO at Policy Expert, is confident that new majority backer ADIA understands the business and is well placed to support it going forward.
In November this year the Abu Dhabi Investment Authority bought a majority stake in Policy Expert from the Primary Group, after being a minority shareholder since 2020.
There will be no changes on a day-to-day basis after this acquisition, according to Hardy, pictured.
“Policy Expert continues to be led by me and the executive management team. ADIA are familiar with our strategy and our ambition for growth and are really happy to support us,” Hardy told Insurance Age.
Policy Expert continues to be
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Interview: Nick Harris – listening and helping on the Gallagher Way
Nick Harris tells Insurance Age about returning to the UK market after a 14-year stint in Australia, why a transitioning market is “when really good brokers stand out”, and shares his key questions to staff after becoming UK and Ireland retail CEO at Gallagher.
Macbeth makes first deal in years buying Insurance Services Surrey
Macbeth has made its first purchase in almost four years with the acquisition of Guildford-based Insurance Services Surrey, its third ever buy.
Northern Ireland tops table for account exec pay rises
Insurance account executives in Northern Ireland had the highest percentage pay rises in the UK last year, with London-based employees still having the top wage but getting the smallest rate increase, according to a survey by Reed.
Adler Fairways completes first buy of 2025
Adler Fairways has purchased Giles Insurance Consultants, based in Burnham, Buckinghamshire, its first acquisition of the year.
Lords Committee ‘unconvinced’ on FCA name and shame proposal
The House of Lords Financial Services Regulation Committee is unconvinced on the FCA’s name and shame plans as it branded the consultation an “abject failure” and urged if concerns have not been addressed in the regulator’s second consultation the proposals should not go ahead.
Allianz UK reveals detected fraud up 10% to £157m
Allianz UK has confirmed it uncovered 33,027 instances of insurance fraud worth a total of £157.24m in 2024, up 10% on 2023.
Allianz UK ‘lucky’ to have Phuong Ly, according to Australian insurance specialists
Australian insurance experts are positive on Allianz Commercial UK’s recent appointment of Phuong Ly telling Insurance Age he is a “great addition”.
Howden ‘absolutely not done’ with buying in the UK
Howden is targeting £10bn of revenue by 2030, having broken through the £3bn barrier last year, and is keeping its eye on the ball for organic growth and buying in the UK, according to CEO David Howden.