RFIB completes Calera Capital sale

house-sold

Deal goes through with RFIB staff retaining significant stake in the business.

RFIB has completed the sale of a majority share of the business to Calera Capital, a private investment firm, for an undisclosed sum following regulatory approval.

The deal, announced earlier this year, leaves RFIB management, led by CEO John Turnbull, and employees with a "significant stake" in the business.

Invested
RFIB said in a statement: "As part of Calera's investment, Dennis Mahoney, former CEO of Aon UK, will join as executive chairman and has invested alongside Calera, management, and

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.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

Most read articles loading...

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: