ERS sale dead as investor decides to stick with the motor insurer
Private equity owner Aquiline has completed a strategic review of the business.
Motor provider ERS has revealed that its major shareholder, Aquiline, has decided not to sell the organisation following a strategic review.
Aquiline has committed to continuing to invest in the company.
It was revealed in September last year that Aquiline was considering selling ERS.
ERS CEO Ian Parker said, “I’m really pleased that Aquiline has decided to hold onto ERS. It means we continue to have an owner that believes in our plan. They believe in our motor only, broker strategy.
“They
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