Covéa to focus on underwriting after Swinton sale
Personal lines broker being sold to Ardonagh for £165m.
Covéa Group has confirmed that it will focus its UK activities on underwriting following the sale of Swinton to Ardonagh Group for £165m.
The insurer said the move aligned its UK business model more closely with those in France and around the world.
It stated that Ardonagh had been chosen as the home for Swinton due to its “significant expertise and track-record in the UK insurance distribution sector”.
According to the provider the new owner is “ideally positioned” to support Swinton’s
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