Perseverance prepares to exit UK insurance market
Perseverance, the Gibraltar-based former owner of KGM, is set to dispose of one of its remaining assets in the UK insurance market, Post understands, following negotiations to sell its stake in One Answer Network.
The firm's UK subsidiary, Optimas Insurance Group, owns a 39% stake in the personal lines network, which it acquired in October 2008, four months after the acquisition of its majority stake in KGM.
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