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.
Newco is a newly formed majority-owned subsidiary of Towergate Underwriting Limited managed by the existing Fusion management team.SVB will remain capacity provider for Fusion.
The sale of SVB’s stake
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