AUB Group buys majority stake in Prestige Insurance Holdings
AUB Group and Prestige Insurance Holdings have entered into an agreement for AUB to take a 95.9% majority shareholding in the Prestige business for £219m, with completion subject to regulatory approval.
Among the brands within Prestige Insurance are AbbeyAutoline, Prestige Underwriting, and technology platform, Covernet.
Prestige will become AUB’s flagship UK retail broking platform – consolidating
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