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HFW advises Capita Commercial Insurance Services Limited on investment in Pardus Holdings Limited

27 May 2014

Holman Fenwick Willan (HFW) Partner Ashwani Kochhar and Associate William Reddie have advised Capita Commercial Insurance Services Limited (Capita) on a transaction to finance the start-up of Pardus Holdings Limited, by taking a minority stake.

As part of the transaction, Capita will provide business outsourcing services to managing general agent (MGA) Pardus Underwriting Limited, a wholly-owned subsidiary of Pardus Holdings Limited, which will initially write North American property insurance.

This is the third such investment Capita has made as part of its 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 previous two investments in MGAs:

  • 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.
  • In March 2014, Capita took a minority stake in Infinity Agency Limited, which specialises in high net worth motor insurance.

For further information, please contact Tania Phayre, Head of Marketing Communications, on +44 (0)20 7264 8546 or email

Press Contact
Ashwani Kochhar
William Reddie