Equity sells to Australian giant in £570m deal
Equity Insurance Group today announced that it is to be acquired by Insurance Australia Group for a total consideration of £570 million, the deal is subject to regulatory approval.
The deal comes eighteen months after Neil Utley led the management buyout of the group. As a result of the deal, Equity will become a part of IAG’s growing UK presence, which currently comprises
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Personal motor premiums rise for first time in two years
Average motor insurance premiums increased while the decline in home rates slowed in Q1 2026, according to the latest General Insurance Price Index from Defaqto.
British Insurance Awards 2026 shortlist revealed
The shortlist of the 2026 British Insurance Awards, which will take place at the Royal Albert Hall on 8 July, is announced today.
Pen Underwriting enters strategic partnership with Hiscox
MGA Pen Underwriting has teamed up with Zurich and Hiscox on non-standard property insurance in the UK, Channel Islands, and Isle of Man.
Flood risk causes £239 home insurance premium gap
Homeowners in previously flooded properties are paying more than double the UK average for home insurance, according to new data from Compare the Market.
Diary of an Insurer: Admiral’s Scott McCammon
Scott McCammon, head of motor repair at Admiral, starts his week with a drive to Manchester to visit the insurer’s co-branded repair centre, before ending it on the school run discussing dinosaurs.
Demand for unemployment cover doubles
Consumer interest in unemployment insurance more than doubled during 2025, according to data from Best Insurance, signaling growing anxiety about UK job security.
Policy Expert reports growth across the board
Policy Expert has reported steady growth across all lines of business for 2025, equating to increased overall gross written premium and profit.
ChatGPT will reshape UK insurance faster than expected
Editor’s View: Aviva launching a ChatGPT insurance app plus data showing how consumers are already using the technology to purchase policies convinces Emma Ann Hughes the insurance industry is underestimating a significant distribution shift.