Aviva takes minority stake in HCML – Insurance News Now – 9 March 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including Aviva Health’s “significant” investment to secure a minority shareholding in rehabilitation firm HCML.
The investment in HCML's holding company Ballard investment marks what HCML chief executive Keith Bushnell has described as a "pioneering joint development in the private medical insurance market".
In other news, Google intends to run, Beat That Quote, as a separate business following its thirty seven point seven million pound acquisition of the aggregator; Post has also learnt that comparison site, The Bike Insurer, has been acquired by web design firm Vast Visibility; the ABI's new director general Otto Thoresen has pledged to put consumer issues across general insurance and life and pensions at the centre of the organisation's strategy; and high street broker, Swinton, is targeting at least 25 acquisitions in 2011, after already completing five deals this year. Chief executive, Peter Halpin, told Post that commercial brokers will be among the 2011 takeover targets.
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