Commercial

Direct Group in £40m MBO

Derek Coles has successfully led the management team of Direct Group, a provider of corporate and affinity services to the insurance sector, in acquiring the business in a £40 million deal with the backing of mid-market private equity firm LDC.

UK firms uninterested in environmental liability cover

Spain, Germany and Italy are leading the way in the implementation of the EU Environmental Liability Directive and are showing the most interest in purchasing environmental cover, broker Willis has said. This is in contrast to the UK, where insurers…

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