Autonet bought by Towergate-backer HPS

Glynn Keeling

Autonet Insurance Services has sold a majority stake to Towergate-backer HPS Investment Partners.

The UK based online-focused insurance broker, specialising in van and car insurance, delivered gross written premiums in excess of £130m in 2015 and employs over 700 people at its office in Stoke-on-Trent and has 340,000 live policies.

For the full year ended 31 December 2014 its operating profit grew to £9.5m (2013: £8.4m) while profit on ordinary activities before tax reached £9.5m (2013: £8.3m).

L

To continue reading...

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: