Market responds to Covéa buying Sterling
Experts hopeful the deal will not have a detrimental impact.
Covéa's purchase of high net worth specialist Sterling Insurance Group has been supported in the main by the market but has raised the question of whether it has any plans to put more business with Swinton which is also part of the Covéa stable.
Yesterday, as revealed by Insurance Age, it was confirmed that sole owner Nicholas Cooper has agreed to sell Sterling to the French mutual for an undisclosed sum, in a deal that could take up to three months to complete.
Asked whether putting more
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