Oval announces Allianz investment
Allianz Insurance has acquired a minority 10% equity share of broker, The Oval Group. The purchase will boost Oval’s ability to complete more of the growing number of acquisitions in their pipeline and allow some existing shareholders to take minor reductions in their shareholding.
Philip Hodson, CEO of Oval, said; "We are delighted to have such a strong partner in Allianz who have recognised the value of the Oval business. Oval has always looked to the long term and this is supported by Caledonia and our other major shareholders who have all maintained significant stakes in the business."
He added; "Oval is an independent business and aims to stay that way. We have just released an excellent set of financial results and with this increased investment from Allianz we will
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace