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Commercial

SVB sells Fusion to Towergate

SVB has sold its majority stake in Fusion Insurance Services to Broomco 3881 Limited (“Newco”) at a value for the entire issued share capital of Fusion of £25m.

Oval grows its Midlands corporate team

Oval Insurance broking, the UK insurance broking group backed by Caledonia Investments, has recruited three senior specialists to its existing corporate insurance team in the Midlands.

AIG Europe introduces new product

Insurer AIG Europe (UK) claims it will ‘revolutionise’ group personal accident and travel insurance with the introduction of its new product, lifeline plus.

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