NMT confident about funding opportunities

New Millennium Technologies insists that it will carry on, despite the fact it has lost its major i...

New Millennium Technologies insists that it will carry on, despite
the fact it has lost its major investor.


Highway will cease to invest in NMT from 31 December and has written off
its £10m loan to the broker software house. NMT faces closure if it cannot
find a new source of funding but Paul Matthews, business development
director at NMT, said the company is confident about the future.


"The news was not a surprise," he said. "We have been working on the basis
that it might not be Highway going

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

This address will be used to create your account

ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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: