Capita to sell specialty insurance businesses
The company has agreed to to sell its two specialty insurance businesses, Capita Commercial Insurance Services (CCIS) and Capita Managing Agency (CMA), to Marco Capital Holdings for an undisclosed sum.
Capita has agreed to sell its speciality insurance businesses to Marco Capital Holdings UK for an undisclosed sum.
The sale comprises two specialty insurance businesses, Capita Commercial Insurance Services (CCIS) and Capita Managing Agency (CMA). The deal is subject to regulatory approval, and the senior management team and employees of CCIS and CMA will reportedly remain with the businesses as they transfer to Marco’s ownership.
Jon Lewis, Capita’s chief executive officer, commented: “This
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