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Barclays Ventures backs MBO of Garwyn

Barclays Ventures has announced it backed the management buyout of Garwyn from QBE in an estimated £20m deal.

Debt funding for the MBO, led by managing director Declan Treanor, was provided by Bank of Ireland Acquisition Finance. The transaction was originated by Barclays Ventures via an existing Barclays

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ERS warns motor pricing discipline must return

Declan O’Mahony, head of claims at ERS, warns motor claims inflation is back driven by energy costs, supply chain disruption and repair pressures, so insurers must restore pricing discipline now to avoid sustained underwriting losses.

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