Insurance Age

IAG Neil Utley backs £74m buyout

neil utley
    • Louise Meeson

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KBC Group and KBC Peel Hunt have reached agreement on a buy-out of KBC Peel Hunt for a total consideration of £74m.

The deal has been supported by KBC Peel Hunt staff and backed by a group of external investors including outgoing Insurance Australia Group (IAG) UK CEO Neil Utley.

KBC Peel Hunt provides corporate finance advice, research, sales trading, agency sales and market making for mid and small cap companies. The company operates from offices in London, employing 136 staff who will all remain with the company.

Luc Popelier, CEO of KBC Group’s market activities, commented: “I am pleased that we have

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