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Lit Comp gears up for expansion after sale

After-the-event insurance provider Lit Comp has been taken over, following a successful £5.48m bid by investment company Maven Capital Partners.

 

The offer, which came via Torridan Capital, an incorporated company that was established by Glasgow-based Maven for the purpose of making the bid, gives Lit Comp access to £200m of managed capital

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Throwback Thursday: Cheaper motor insurance

Insurance Post’s Throwback Thursday steps back in time to September 1981 to remind you what was going on this week in insurance history when General Accident was placing several regions of the UK in lower rating areas for private cars.

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