QBE and Swinton close in on Equity

Senior industry sources indicate that the deal would see QBE purchase Equity Redstar, the Lloyd's underwriting business, with Equity Insurance Brokers, the high street broking chain, being snapped up by Swinton.

It appears the proposed management buyout by Neil Utley is now dead in the water and his share of the group will be bought out. However, it has been suggested he will go back to the group to buy Hastings and Advantage, a Gibraltar-based underwriting operation.

It is understood that staff

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: