HFW advises Capita on investment in Infinity Agency
News
5 March 2014
2 MIN READ
2 AUTHORS
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.
For more information, please contact Tania Phayre, Head of Marketing Communications, on +44 (0)20 7264 8546 or email tania.phayre@hfw.com.
