HFW advises Capita Commercial Insurance Services Limited on investment in Infinity Agency Limited
Holman Fenwick Willan (HFW) Partner Ashwani Kochhar and Associate William Reddie have advised Capita Commercial Insurance Services Limited (Capita) on the purchase of a minority stake in managing general agent (MGA) Infinity Agency Limited, which specialises in high net worth motor insurance.
The investment is the latest step in Capita's strategy of building a portfolio of minority equity stakes in insurance intermediary businesses to which it also provides business outsourcing services.
HFW also advised Capita on its first investment in an MGA. In a deal that was widely publicised in 2013, Capita took a stake in Cobalt Insurance Holdings in order to finance the launch of Shariah-compliant MGA Cobalt Underwriting Services.
Global reinsurance intermediary Aon Benfield ReSolutions advised Infinity and acts as its broker. Infinity's capital is provided by Markerstudy, a specialist motor insurer.
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