Cox acquires Bennett UK
Bennett UK has sold to Cox Insurance for £4.5m, one year after the business underwent a management b...
Bennett UK has sold to Cox Insurance for £4.5m, one year after the business underwent a management buyout.
The MBO, in November 2002, led to the majority shareholding in Bennett UK transferring to a private equity firm, Advantage Capital. The broker has 20 offices spread across south England, all of which will be taken over by Cox's insure-shop network.
The acquisition makes insure-shop the sixth largest broker in the UK, with 117,000 policyholders and £44m gross written premium. Like insure-shop
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