Three more deals for DR&P
DR&P Group has taken “significant control” of IFS Risk Solutions, Treelyn (Insurance Services) and Umbrella IS, pushing the firm up the most active buyer ranking, Insurance Age can reveal.
Filings at Companies House show the deal for IFS went through on 31 March followed by Treelyn on 20 June. In both cases, DR&P owns more than 75% of the shares.
The move by Umbrella Insurance Services on 11 July put DR&P in the position of having more than 25%, but not more than 50%, of the shares.
This is the same level as the investment in West Yorkshire-based Spedding Goldthorpe (Brokers), reported last week, that completed on 1 July.
BrandsDoncaster-based IFS, founded in 2016 as an appointed
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
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
SRG has “firepower” and appetite for UK deals
Increasingly international broker Specialist Risk Group will continue to buy in the UK, and has the firepower to strike deals, its leaders have told Insurance Age.
MGAA opens for applications to Next Gen Mentoring Scheme
The Managing General Agents’ Association has opened for registrations for the third cohort of its Next Gen Mentoring Scheme.
Serial ghost broker sentenced after ignoring repeated warnings from IFED
A man has been sentenced for his role as a ghost broker, despite numerous warnings from the City of London Police’s Insurance Fraud Enforcement Department.
‘Short-changed’ motorists getting £200m claims payments boost – FCA
The Financial Conduct Authority has estimated 270,000 motorists will get £200m in compensation for historic insurance claims that were underpaid.
TL Dallas appoints new HNW head from NFU Mutual
TL Dallas has appointed Caroline Pullich as group head of private clients, with the aim of strengthening its delivery of bespoke insurance and wealth protection services to high-net-worth individuals and families.
