Brendan McManus in rumoured £199m Chaucer deal
Reports suggest that former Gallagher retail CEO has teamed up with Apollo to buy insurer’s £199m motor book.
According to media reports former Gallagher UK CEO of retail and Giles boss, Brendan McManus, is set to bid for Chaucer's £199m ($300m) motor book.
The Insurance Insider revealed that a deal was in the pipeline believed to be backed by private equity house Apollo.
Apollo has also been heavily tipped for a move to buy Towergate.
McManus left Gallagher in July last year and since then speculation has grown as to what his next move could be.
When contacted by sister title Post, McManus declined to
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