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Broker Halo seeks new private equity backing as it enters GAP market with Mapfre

Ernesto Suarez Halo

Halo is planning to seek new investment, six years after the car hire excess insurance specialist launched with Bridges Ventures, a social impact fund started by Sir Ronald Cohen.

Following the success of its I Car Hire Insurance brand the broker, which was the first winner of the Start-Up award at the British Insurance Awards in 2013, also unveiled its second business venture

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McGill sold to EQT for £2bn

McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).

AI in broking: why the debate must move on

For insurance brokers, Andy Lewis, head of people proposition at Hedron Network, says the artificial intelligence debate has shifted from whether to adopt the technology to how to embed it safely, practically and strategically so it delivers lasting value.

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