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Business as usual at Barbon, says Totty

CEO Martin Totty hopes to invent more products but rules out acquisitions in the short-term, following private equity deal.

Barbon Insurance Group chief executive officer Martin Totty has told Insurance Age that the broker would continue on with its current strategy, following the agreement that Carlyle Group would acquire a majority stake in the firm.

He highlighted that the most important part of the deal for him was that Carlyle, a global alternative assett manager, had a similar view of the company as the management team.

"Carlyle wants to invest behind the existing management team. It's an opportunity for me to

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ALA expands range with pothole insurance

Yorkshire-based GAP insurance provider ALA Insurance has expanded its product offering with the launch of a specialist pothole insurance policy, in a move it claimed targets one of the “more persistent and costly problems facing UK motorists”.

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