Private equity firm steps in with £115m MCS deal

Property damage caused by Hurricane Ike

Swedish restoration services firm Munters has sold its moisture control services business to private equity firm Triton in a move that will see a number of key partnerships in the UK insurance market change ownership.

The firm is set to concentrate on its air treatment solutions business after selling its "non-core" MCS asset for SK1300m, (£115m), in a deal set to be finalised during the third quarter.

Munters will

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Inspecting and impressing in the gadget insurance market

Ahead of Black Friday (29 November) the latest Insurance Post Podcast explains how gadget insurers are increasingly looking at the way devices are used rather than the likelihood of the component parts ceasing to work when it comes to underwriting and claims.

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