Stonepoint to reduce interests in Cunningham Lindsey and Lockton – Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how, according to market speculation, Cunningham Lindsey and Lockton International are both looking at options that may see private equity giant Stonepoint Capital divest or reduce its interests in the groups.
The Cunningham Lindsey management is said to believe that with turnover surpassing $1bn it is worth considering its future options.
In other news, loss adjuster Merlin has admitted to receiving "approaches from interested third parties" about acquiring the firm - just twenty-one months after it was refinanced by banks; RSA boss Adrian Brown has reassured UK brokers that the firm's recent restructure of its executive team will have no negative impact on domestic commitments; and Co-operative Insurance is "on track" to have ten thousand customers signed up to its young driver telematics product after Direct Line announced it is set to launch a telematics pilot.
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