Over 100 jobs at risk at Equity, claims report

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Private equity company Acquiline Capital Partners bought Equity for £87m from Insurance Australia Group in a deal announced in December and completed last month.

According to the FT's article, "people with knowledge of the plan" have said that more than 100 positions could go in a bid to achieve profitability.

It detailed that the business would cut GWP by at least one-third at the Essex-based company, with the household insurance operation likely to be affected, although all areas are

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