Appetite for acquisition
Neil Utley, chief executive of Equity Insurance Group, talks to Andrew Tjaardstra about his acquisition of Lloyd's vehicle Cox, how he now wants to buy another insurer and why he is mulling leaving Lloyd's to do so
Despite being a member of Lloyd's, Equity Insurance Group is situated in Essex and does not enter the prestigious Lloyd's building, although it does have an office in the City on Leadenhall Street. The insurer has the largest motor book at Lloyd's with around half the market, and is the fifth or sixth largest UK motor underwriter. In addition, it is the eighth largest UK personal lines broker.
Equity was formerly Cox Insurance, where Utley was managing director of its retail division before
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